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1. What is the difference between ‘rules’ and ‘laws’?
2. What are the two key ways in which laws are made?
3. What is law made by the courts called?
4. What are the major differences between civil law and criminal law?
5. Why is a court hierarchy important?
6. Australia has a federal system of government. What does this mean? Under what document was the federal system created?
7. Outline the differences between ‘exclusive powers’, ‘concurrent powers’ and ‘residual powers’. What body(ies) exercise these powers? Give examples of areas of law which fall within each of these powers.
Discuss how do we deal with uncertainty in the budgeting process and please also identify unique characteristics of budgeting for service companies.
Net income for the year ended December 31, 2001, was $3,000,000. Assuming an income tax rate of 30%, illustrate what should be diluted earnings per share for the year ended December 31, 2001?
Prepare the journal entries necessary to record the formation of the partnership - It is further agreed that the new partnership will assume all liabilities of the proprietorships.
Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $123 Units in beginning inventory 0 Units produced 6,400 Units sold 6,100 Units in ending inventory 300 Va..
Joe uses his BMW (a personal auto) to travel to and from his residence to his factory. However, he switches to a business vehicle if he needs to travel after he reaches the factory. What is amount of deductions?
Does the company have any marketable securities at the end of the year and how many dollars of marketable securities?
students should review the following statements and write 3-4 paragraphs that provide support for your answersmanagers
Calculate the predetermined overhead rate and compute the total manufacturing overhead applied to the Work in Process Inventory account during the first month of operations.
The argument among accountants and ?nancial statement users over the proper valuation procedures for assets and liabilities resulted in the release of SFAS No. 115. How might the use of current values in the accounting records cause earn-ings volatil..
On October 15, 2015, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2016, 26 million stock options were granted, exercisable for 26 million shares of Ensor's $1 par common stock. T..
Which measurements currently reported in balance sheets are not consistent with the physical capital maintenance concept?  Give examples
If Houston Company billed a client for $18,000 of consulting work completed, the accounts receivable asset increases by $18,000 and:
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