The Federal Trade Commission Act (FTCA) of 1914 was the first antitrust act.
Answer the following statement true (T) or false (F)
False
The Sherman Act of 1890 was the first antitrust act, as it predated the FTCA by more than 20 years.
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On January 2, 2016, Hannah Company sold a machine for $1,000 that it had used for several years. The machine cost $12,000, and had accumulated depreciation of $9,000 at the time of sale. What gain or loss will be reported on the income statement for the sale of the machine?
a. Gain of $2,000 b. Loss of $11,000 c. Loss of $2,000 d. Gain of $3,000
The four steps necessary to determine the cost of goods completed and the ending inventory valuation in a process cost system are: 1. allocate costs to transferred and partially completed units 2. determine the units to be assigned costs 3. determine the cost per equivalent unit 4. calculate equivalent units of production The correct ordering of the steps is:
A) 2, 4, 3, 1 B) 4, 2, 3, 1 C) 2, 3, 4, 1 D) 2, 3, 1, 4
Evan owns 45% of Yolo Corporation and 40% of Xeqz Corporation. Farra owns 37% of Yolo Corporation and 48% of Xeqz Corporation. Gao owns 5% of Yolo Corporation but does not own any stock in Xeqz. Each corporation has only one class of stock. Yolo and Xeqz Corporations form a(an)
A. brother-sister controlled group. B. combined controlled group. C. parent-subsidiary controlled group. D. unrelated group of corporations.
Disconnection ________
A) is the most decisive way to do termination B) harms legitimate users C) Both A and B D) Neither A nor B