Answer:
An <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Explanation:
Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.
For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.
The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.
Therefore, an <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Answer:
1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.
2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.
3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.
4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.
5. True: Judges may apply the law, but they do not have power to change the law.
6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.
7. True: Litigation is the process of resolving a dispute through the court system.
8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.
9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.
10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).
11. True: The Uniform Commercial Code has been adopted in all fifty states.
Answer:
D. a carve-out
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this scenario exemplifies a carve-out. This term refers to when a company diversifies a business unit in order for the parent company to sell a minority interest of that specific child company to outside investors in order to raise funds. Which like mentioned in the question is exactly what Arocare International is doing with it's child company - Miracle hospital unit.
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