In which of the following cases of consumer safety violations will the U.S. Department of Agriculture be required to take action?
A) A new drug was released into the market without adequate testing and this lead to adverse side effects among users.
B) A brand of soft toys for infants was produced with low-grade foam and fabrics that are harmful for children when ingested.
C) A batch of sausages and cold cuts from a particular vendor was found to have high levels of salmonella and other pathogenic organisms.
D) A fleet of cars released into the market by a famous company was found to have a defective braking system which could prove fatal for owners.
C
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Commercial paper is similar to a discount interest loan.
Answer the following statement true (T) or false (F)
Dividend payments and share repurchases are conceptually equivalent
Indicate whether the statement is true or false
Most entity relations will be one to many
Indicate whether the statement is true or false
The subsidiary of a U.S. corporation located in Country Y generated income of $1,000,000 on which it paid $400,000 (40%) in taxes to Country Y. The subsidiary paid a dividend to the U.S. parent of $54,000. How much tax is currently owed to the U.S. government if the federal tax rate is 35%?
A. $350,000 B. $0 C. $18,900 D. $140,000