Examlex
Prepare a journal entry on October 12 for the fees earned on account, $14,600. Omit explanation.
Arbitration
A method of dispute resolution involving a neutral third party who makes a binding decision, outside of the court system.
Legal Precedent
A decision made in a previous legal case that is considered as authority in a subsequent case with similar circumstances.
Less Expensive
Refers to items or services that are lower in price relative to others in the same category.
Arbitration Hearing
A non-judicial proceeding where a neutral third party, the arbitrator, listens to the disputing parties' arguments and evidence to make a decision that can be binding or non-binding.
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