The Plain Meaning Approach to Interpretation Is

question 39

Multiple Choice

The plain meaning approach to interpretation is

• A) an approach that asks members of the jury to determine the plain meaning of words.
• B) an approach that focuses on identifying the context of the words used, and then determining the meaning of the words in accordance with the context.
• C) an approach that restricts the interpretation to the purpose of the parties.
• D) an approach that restricts the interpretation to plain meaning that the parties intended.
• E) an approach that restricts the interpretation to the ordinary or plain meaning of the words.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, which are recorded in the investing section of the cash flow statement.

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Long-lived Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings or machinery.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair value of the identifiable assets and liabilities.