In both criminal and civil proceedings, the relevant standard of proof is proof beyond a
reasonable doubt.
Indicate whether the statement is true or false
FALSE
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In 2005, Brazil sued the U.S. over __________ subsidies, and the WTO ruled in Brazil's favor.
Fill in the blank(s) with the appropriate word(s).
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions) 1. Acquired $5000 cash from issuing common stock. 2. Borrowed $3200 from a bank. 3. Earned $4100 of revenues. 4. Incurred $2600 in expenses. 5. Paid dividends of $600. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions) 1. Acquired an additional $1500 cash from the issue of common stock. 2. Repaid $2000 of its debt to the bank. 3. Earned revenues, $5500. 4. Incurred expenses of $3150. 5. Paid dividends of $1840. What is the amount of total assets that will be reported on Lexington's balance sheet at the end of Year 1?
A. $8800. B. $1800. C. $9100. D. $4000.
All of the following are capital investment decisions except:
A. buying a $4,125,000 manufacturing plant. B. paying $545,000 to renovate a restaurant. C. acquiring $450,000 of common stock. D. purchasing equipment for $44,000.
If you are a franchisor and you charge a royalty of 5% on revenue and you have franchisees that have revenues of $1 million, $2 million, $1.5 million, and $2.5 million, how much would you earn in royalties?
A. $3,500,000 B. $3,000,000 C. $300,000 D. $350,000