Individuals and businesses can directly approach the International Court of Justice for cases involving international contracts

Municipal bonds are those issued by the U.S. Treasury Department for the benefit of cities and states

Indicate whether the statement is true or false.

After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances

Cash 18,000 Inventory 73,000 Other assets 157,000 Accounts Payable 61,000 Abel, Capital 50,000 Barney, Capital 50,000 Cole, Capital 87,000 Non-cash assets are sold for $270,000. Profits and losses are shared equally. Record the sale of the noncash items. What will be an ideal response?