From a commercial standpoint, which of the following is considered the most important international treaty?
A) The ICJ
B) The EC
C) The WTO
D) The IMF
C
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In deciding how to recognize prior period cost, accounting regulators opted to recognize the liability and reduce other comprehensive income, then amortize the prior service cost as a component of pension expense. The liability is reduced and other comprehensive income is increased as the prior service amount is amortized. This method was chosen in response to constituent arguments even though it
violates the matching concept . Indicate whether the statement is true or false
Which of the following describes a secured bond?
A) a bond that matures in installments at regular intervals B) a bond that is backed by issuer's specific assets C) a bond that matures at one specified time D) a bond that is not backed by specific assets
If no document of title is needed and the goods are identified at the time of contracting, title
passes at the time of contracting. Indicate whether the statement is true or false
When would a business selling merchandise over the Internet be required to defend a lawsuit in a state in which it had no offices?