A ________ alleges that if all the facts presented in the paperwork filed with the court to initiate or respond to the lawsuit are true, the party making the motion would win the lawsuit when the proper law is applied to these facts.
A. motion for judgment on the pleadings
B. motion for summary judgment
C. motion for judgment notwithstanding the verdict
D. motion to set aside judgment
Answer: A
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The lower-of-cost-or-market value (LCM) rule ________.
A) replaces the use of specific identification, FIFO, LIFO, or weighted-average inventory costing methods. B) violates the conservatism principle C) requires that merchandise inventory be reported in the financial statements at the lower of the historical cost or the selling price of the inventory D) is an accounting issue separate from applying an inventory costing method
A company has net sales of $50,000 during the year. At year end (before an adjustment is made), Allowance for Uncollectible Accounts has a credit balance of $2,500 . If the company estimates that 3 percent of net sales are uncollectible and the company uses percentage of net sales method, what is the balance in the allowance account after the year-end adjustment has been made?
a. $1,500 debit balance b. $1,500 credit balance c. $4,000 credit balance d. $1,000 debit balance
Indicate the correct form of the adjective or adverb in parentheses. Use more or most, when appropriate, instead of less or least. Who does the (little) amount of work in the office?
Apollo Tires sets up a manufacturing unit in Mexico. Following this, Renault-Nissan signs a supply contract with the tire multinational. In which of the following ways is Renault-Nissan likely to gain from the pact?
A. growth potential and large size of the market B. knowledge sharing within same value chain system C. availability of natural resources at low cost D. different styles of management, organization, and strategy E. government policies in the host country