Which of the following is true of the International Criminal Court?
A. It is the principal judicial organ of the United Nations.
B. Its judges are elected by the United Nations General Assembly.
C. Its jurisdiction and functioning are governed by the Rome Statute.
D. The court's jurisdiction is limited to events taking place since Jan 1, 2012.
C
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When using the weighted-average inventory costing method in a perpetual inventory system, a new weighted average cost per unit is computed at the end of each quarter
Indicate whether the statement is true or false
Which of the following is a true statement concerning net operating losses (NOLs) of trusts and estates?
A. NOLs are not deductible by either trusts or estates. B. NOLs are deductible by trusts, but not by estates. C. NOLs of trusts and estates are deductible each year by the beneficiaries. D. NOL carryovers of trusts and estates are passed through to the beneficiaries in the last year of the estate or trust.