The U.S. Coast Guard administers the Oil Pollution Act, which requires the oil industry to ________.
A. obtain a permit for dumping wastes and other foreign materials into ocean waters
B. implement measures to avoid the dumping of wastes into wells used for drinking water
C. adopt procedures and contingency plans to readily respond to and clean up oil spills
D. establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf
Answer: C
You might also like to view...
The uses of retail and wholesale audit data include all of the following except ________
A) identifying shelf space allocation and inventory problems B) establishing profiles of specific user groups C) developing sales potentials and forecasts D) analyzing distribution problems
On January 1, a machine with a useful life of five years and a residual value of $3,000 is purchased for $15,000 . What is the depreciation expense in year 3 under straight-line depreciation?
a. $3,000 b. $2,400 c. $7,200 d. $9,000
A debenture is less secure than a subordinated debenture
Indicate whether the statement is true or false.
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000. B. Debit Common Dividends Payable $90,000; credit Cash $90,000. C. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. D. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000. E. Debit Common Dividends Payable $95,000; credit Cash $95,000.