Which of the Following Statements Is TRUE with Respect to the Law

question 66

Multiple Choice

Which of the following statements is TRUE with respect to the law of Quebec?

• A) because Quebec inherited its laws from France, its criminal laws are different from those that apply in other parts of Canada
• B) Quebec is considered a common law jurisdiction because it inherited most of its laws from England.
• C) Quebec is considered a common law jurisdiction because it inherited laws that were once common to all parts of the Roman empire.
• D) because Quebec inherited its laws from France, its constitutional laws are different from those that apply in other parts of Canada
• E) Even though Quebec inherited much of its law from France, it uses some of the same laws that apply in other parts of Canada.

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Definitions:

Gross Profit Ratio

A profitability ratio calculated as gross profit divided by net sales, indicating the percentage of sales revenue that exceeds the cost of goods sold.

Average Cost

A method for inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all items purchased.

Retail Inventory Method

An accounting process used by retailers to estimate inventory value by converting the retail value of inventory to a cost basis, based on the relationship between cost and retail price.

Ending Inventory

The value of goods available for sale at the end of an accounting period.