Which of the following is true of police power?
A) It emphasizes maintaining order and is usually found in communities with a declining industrial base.
B) It is typically used only in cases where the law has been violated and in which a suspect must be identified and apprehended.
C) It refers to the residual powers retained by the state to enact legislation to safeguard the health and welfare of its citizenry.
D) It refers to the warning given by police to criminal suspects in custody to preserve the admissibility of their statements in criminal proceedings.
C
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Below are the transactions for the Louisville Company: Proceeds from issuance of bonds payable $635,000 Payment to purchase equipment $275,000 Payment of wages $115,000 Payment of dividends $155,000 Payment to pay off notes payable $195,000 Based on these transactions, what is the net cash flow from financing activities?
a. $285,000 net cash provided by financing activities. b. $275,000 net cash used for financing activities. c. $0, because cash inflows equal cash outflows from financing activities. d. $440,000 net cash provided by financing activities.
An improvement made to a machine increased its production capacity by 25% without extending the machine's useful life. The cost of the improvement should be
A) recorded as an expense. B) debited to Accumulated Depreciation. C) capitalized in the machine account. D) allocated between Accumulated Depreciation and the machine account.
A 10-year bond with a $1,000 face value and 6% coupon rate is currently selling in the bond market for $700. Its yield to maturity is (approximately)
A) 6%. B) 7%. C) 8.6%. D) 10.6%.
The International Court of Justice can compel parties to appear before it
Indicate whether the statement is true or false