One Result of the Treaty of Lisbon That Was Signed

question 67

Multiple Choice

One result of the Treaty of Lisbon that was signed in 2007 is that it

• A) defined the European Commission's role in competition policy.
• B) brought the commission to the court for failure to act according to a European Union treaty.
• C) increased the role of the European Parliament.
• D) lifted barriers to competition in the retail banking and insurance businesses.
• E) created the Court of Justice, the supreme appeals court for European Union law.

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Definitions:

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee, usually through ownership of 20-50% of voting stock.

Bonds Payable

Long-term liabilities represented by promissory notes issued by a company to borrow funds, repayable at a specified future date along with interest.

Unamortized Discount

The portion of a bond's issue price that is below its face value and has not yet been expensed over the life of the bond.

Straight-Line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.