The objection that may be made to an international tribunal's exercise of jurisdiction when there is no real and bona fide relationship between the state bringing the suit and the person on
whose behalf the suit is brought is referred to as "lack of standing."
False
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If the cost-accounting procedures of a particular company are so specific that no commercially available software can perform them, the company must develop _____ software.
A. own-interface B. dynamic code C. custom-designed D. adapted
Tower Company owns 85% of Hill Company. The two companies engaged in several intra-entity transactions. There were no excess fair-value amortization amounts to account for. Each company's income before income tax and dividend income for the current time period follow, as well as the effects of intra-entity gross profits on remaining inventory which are included in the separate net income amounts. No income tax accruals have been recognized within these totals. The tax rate for each company is 30%. Tower CompanyHill CompanySeparate income before income tax (excluding equity or dividend income from Hill)$200,000$80,000Intra-entity gross profit on remaining inventory (included in income above)25,00010,000Dividend income from Hill10,200 Dividends declared15,00012,000?Using the percentage
allocation method for assigning income tax expense, the income tax expense assigned to Hill is closest to: A. $0. B. $21,000. C. $17,400. D. $24,000. E. $20,400.
Revenues
A) are decreases in equity resulting from rendering services. B) are a cost of doing business. C) are called expired costs. D) are earned through the sale of goods, even though the cash may not be collected until later.
Explain the advantages and disadvantages of the office grapevine.
What will be an ideal response?