In order to reduce the avalanche of paper that has traditionally been part of litigation, and utilizing the advances in technology, some courts have ordered ________.
A. that lawyers only file documents on "legal size" paper
B. that electronic filing of pleadings and other documents is mandatory
C. that all pleadings be printed on both sides of a sheet of paper
D. that smaller fonts and margins be used for all pleadings
Answer: B
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When two companies form a joint venture and each company owns exactly 50% of the joint venture:
A. the cost method is used. B. the equity method is used and line-by-line consolidation is required. C. the company that has more net assets is deemed the parent. D. the equity method is used and line-by-line consolidation is not required.
Which of the following is not a step in the accounting process?
A. Post journal information to ledger accounts. B. Record relevant transactions and events in a journal. C. Identify each transaction and event from source documents. D. Ensure all cash is distributed to stockholders at the end of each period. E. Analyze each transaction and event using the accounting equation.
Optimal capital structure "first" criteria suggests that THE IMPACT ON EPS should be ________ and that the best way to obtain that is with ________ levels of debt and ________ levels of equity
A) high; low; high B) low; high; low C) high; high; low D) low; low; high
"To A for life, then to the heirs of A." Which of the following is applicable?
A) Doctrine of Worthier Title B) Rule in Shelley's Case C) Rule Against Perpetuities D) None of the above