The best definition of a precedent is
a. a law developed from custom.
b. a judicial proceeding for the determination of a dispute between parties in which rights are enforced or protected.
c. a proceeding by one person against another in court.
d. a court decision that furnishes an example or authority for deciding subsequent cases involving identical or similar facts.
d
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Pandey Inc. had the following activities during the month:A. Borrowed $7,000,000 cash, signing a promissory note. B. Bought a building for $800,000, paying $200,000 in cash and signing a promissory note for $600,000. C. Rented equipment at a cost of $10,000 per month and issued a check covering six months' rent. D. Provided $104,000 of services and billed customers. E. Purchased $30,000 of supplies on account. F. Received a utility bill for the current period in the amount of $1,200. G. Raised sales prices on 200 units from $400 per unit to $440 per unit. H. Received a 50% deposit from a customer on a $20,000 order to be filled next month. Required:Analyze each of the activities (A) through (H) above with the goal of indicating their effects on the basic accounting equation by
completing the table below. Indicate the accounts and amounts involved. Include a plus (+) or minus (?) sign before each number to show its effect on the accounting equation. If the activity should not to be recorded as a transaction, enter the word "None" in the first column for that activity. ?AssetsLiabilitiesStockholders' Equity?Account(s)AmountAccount(s)AmountAccount(s)AmountA??????B??????C??????D??????E??????F??????G??????H?????? What will be an ideal response?
While applying for a job, you have conducted research and analysis of yourself, career, and job, and you have also identified a job listing using traditional and electronic sources. Which of the following should you do next??
A) ?Prepare a targeted résumé and an application message. B) ?Supplement your résumé with a portfolio. C) ?Interview with companies. D) ?Post a video recording on YouTube.
Isabella uses the explanatory style of optimists because when faced with a big problem, she
A) pokes fun at her own capabilities. B) attacks others as having caused the problem. C) regards it as temporary. D) practices positive visual imagery.
Transportation has been described as:
a. The glue that holds the supply chain together b. The enabler of the underlying tactics and strategies for supply chains c. An enabler for firms to compete in the growing and complex market place d. All of the above