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Identify the correct statement about the choice-of-law and the choice-of-forum clauses.
Depreciation
A technique for distributing the expense of a physical asset across its lifespan.
Balance Sheet
A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time.
Common Stock
Type of equity ownership in a corporation, entitling holders to vote at shareholder meetings and to receive dividends.
Taxable Income
The amount of income that is used to calculate an individual's or a company’s income tax due, after exemptions and deductions.
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