The Uruguay Round replaced the General Agreement on Tariffs and Trade (GATT) with _____.
A. the European Union (EU)
B. the World Trade Organization (WTO)
C. the North American Free Trade Agreement (NAFTA)
D. the International Monetary Fund (IMF)
Answer: B
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The Stockholders' Equity section of Deer Lakes Manor's balance sheet on January 1, 2016, appeared as follows: Common stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Additional paid-in capital—Common 240,000 Retained earnings 700,000 Total stockholders' equity $1,540,000 On March 1, 2016, Deer Lakes reacquired 4,000 shares of common stock at $50 per share. All common shares were
originally sold for $42 each. How much should be reported in the treasury stock account on the March 31, 2016, balance sheet? a. $128,000 b. $168,000 c. $200,000 d. $32,000
Temporary investments are
A) recorded at cost but reported at fair market value B) recorded at cost and reported at cost C) recorded at cost but reported at lower of cost or fair market value D) recorded at fair market value and reported at fair market value
Video networks in business are used primarily to deliver
programming. Indicate whether the statement is true or false
Which of the following categories of people have the right to walk away from a contract they made to buy a new house?
a. an insane person b. a minor c. a heavily intoxicated person d. none of these conditions are relevant e. all of those conditions can be relevant to contractual capacity