The Commerce Clause of the U.S. Constitution ________
A) provides the basis for most of the federal regulation of business
B) provides states the authority to regulate interstate commerce
C) does not regulate commerce with foreign nations
D) does not apply to the transportation of goods
A
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The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
a. $80,000 b. $10,000 c. $90,000 d. $100,00
Which of the following is always created through acquisition of another company?
a. Copyright b. Patent c. Trade mark d. Goodwill
_____ refers to remembering the content of the reading material
Fill in the blank(s) with correct word
Complete the following table, which compares the effects of LIFO, FIFO, and weighted-average inventory costing methods on the financial statements in periods of rising inventory costs. The answer should be lowest, highest, or middle
Financial Statement Element: LIFO FIFO Weighted- Average Cost of Goods Sold Net Income Ending Merchandise Inventory What will be an ideal response