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ivolga24 [154]
3 years ago
15

Is the state court in Nebraska obligated to follow the California Supreme Court’s decision? Explain. At least a four-sentence an

swer.
Business
1 answer:
Bezzdna [24]3 years ago
3 0

Answer:

Only a decision made by the US Supreme Court is binding to all the courts in the country (regarding federal laws). Decisions made by the California Supreme Court are binding for all the state courts in California (not federal courts), but they are not binding to other courts outside California.

The logic behind this is that California laws might be different than Nebraska laws, and therefore, even if the crime committed is the same, the punishment or procedures might vary and a lot. Some court cases may serve as precedents and might be used by courts in different states, but they are not binding in any way and it depends on the interpretation of the local court to do so.

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Cost Principle, 
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You own shares in a well-managed and diversified company. If a bustling economy increases investors' concerns about market risk,
Soloha48 [4]

Answer:

C. Increase

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In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.

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3 years ago
Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe
defon

Answer:

c. $90,700

Explanation:

The computation of the cost of the land is shown below:

= Purchase cost of land + property taxes + attorney fees + land graded cost

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3 years ago
Financial Statements from the End-of-Period Spreadsheet
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Answer: See explanation

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Less: Expenses:

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Depreciation expense. 900

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Net income 32450

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Stockholders equity

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Retained earnings 74650

Total stockholders equity = 94650

Total liability and stockholders equity = 100,000

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3 years ago
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