Statutory Law Is

question 9

Multiple Choice

Statutory law is:

• A) not well suited for making drastic or comprehensive changes,thus its importance as a source of law has diminished since the end of the nineteenth century.
• B) the primary source of law for such business law topics as contracts,agency,property,and trusts.
• C) a primary source of new law and ordered social change in the United States.
• D) created by legislatures,which are less likely to repeal prior enactments than courts are likely to overrule prior decisions.

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Definitions:

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not directly related to the company's day-to-day operations.

Cash Flow

Cash flow is the net amount of cash and cash-equivalents moving into and out of a business, indicating its liquidity, financial health, and ability to fund operations.

Land

An asset category in accounting representing real estate or property owned by a business, excluding buildings or structures on the property.

Investing Activities

Financial transactions related to the purchase or sale of long-term assets and investments, as reported in a company's cash flow statement.