The 'Golden Rule' Is a Rule of Legal Interpretation According

question 52

Multiple Choice

The 'golden rule' is a rule of legal interpretation according to which:

• A)a legal text should be interpreted in a manner consistent with the intention of the legislature.
• B)a legal text should be interpreted literally.
• C)a legal text should be interpreted carefully and respectfully.
• D)a legal text should be interpreted literally unless such an interpretation leads to a result that is absurd or inconsistent with the rest of the document, in which case the literal interpretation should be modified to avoid the absurdity or inconsistency.

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Definitions:

Prepaid Rent

Rent payments made in advance of the rental period.

Adjusting Entry

A log entry in accounting made to refresh the balances of accounts upon the closure of an accounting period.

Rent Expense

Rent expense is the cost incurred by a business or individual for the use of property or equipment leased from another entity.

Accounts Payable

The financial obligations incurred by a company towards its suppliers or creditors for receiving goods and services that remain unpaid.