Leading and Lagging Strategies Have Several Advantages EXCEPT

question 32

Multiple Choice

Leading and lagging strategies have several advantages EXCEPT

• A)no formal note of indebtedness is needed
• B)governments are less like to interfere with payments on intercompany accounts
• C)interest must be charged on all intercompany accounts
• D)intercompany accounts up to six months are interest free

---

Definitions:

Special Legislation

Laws that are made to meet specific needs or regulate particular issues, as opposed to general legislation that applies to broader situations.

Binding Agreements

Contracts or legal agreements that are enforceable by law, where all parties must adhere to the terms stated.

Insane Person

An outdated term often associated with individuals suffering from mental illness or incapacity, which impacts their ability to understand or participate in certain legal processes.

Incapacity

A condition where an individual is legally unable to make decisions for themselves due to mental or physical limitations.