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CLFP EXAMS pack Questions & Correct Answers/ Graded A+
CLFP EXAMS pack Questions & Correct Answers/ Graded A+
[Show more]CLFP EXAMS pack Questions & Correct Answers/ Graded A+
[Show more]What is Statutory Law? 
: Includes law enacted by legislative bodies such as state legislatures and US Congress. The 
Uniform Commercial Code or "UCC" is a body of the state statutory law. 
What is Regulatory Law? 
: Consists of regulations adopted by public bodies. Examples of regulatory law are...
Preview 2 out of 14 pages
Add to cartWhat is Statutory Law? 
: Includes law enacted by legislative bodies such as state legislatures and US Congress. The 
Uniform Commercial Code or "UCC" is a body of the state statutory law. 
What is Regulatory Law? 
: Consists of regulations adopted by public bodies. Examples of regulatory law are...
Code of Hammurabi 
: Around 1750 B.C. - The Code of Hammurabi 
• King Hammurabi acknowledged leasing of personal property in his Code of Laws 
• First record of leasing law 
Beginning of Leasing 
: -Oldest record 2010 B.C. in the Sumerian City of Ur 
-Used clay tablets for documenting leases f...
Preview 3 out of 19 pages
Add to cartCode of Hammurabi 
: Around 1750 B.C. - The Code of Hammurabi 
• King Hammurabi acknowledged leasing of personal property in his Code of Laws 
• First record of leasing law 
Beginning of Leasing 
: -Oldest record 2010 B.C. in the Sumerian City of Ur 
-Used clay tablets for documenting leases f...
What is a primary goal of the accounting profession? 
: Consistent treatment of like transactions to allow clarity in presentation and consistency in 
interpretation of financial statements prepared by various individuals or entities. 
How did APB (Accounting Principals Board) fail? 
: Created Opin...
Preview 4 out of 33 pages
Add to cartWhat is a primary goal of the accounting profession? 
: Consistent treatment of like transactions to allow clarity in presentation and consistency in 
interpretation of financial statements prepared by various individuals or entities. 
How did APB (Accounting Principals Board) fail? 
: Created Opin...
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