Which of the following is true of the Environmental Protection Agency (EPA) standards set for toxic substances?
A) They require special labeling of toxic substances.
B) They are set based on the recommendation of business owners affected by the pollution.
C) They require the EPA to identify all chemicals based on the national ambient air quality standards (NAAQS).
D) They require a complete ban on all toxic substances.
A
You might also like to view...
A ________ strategy continues to raise prices slowly with expected decreases in volume until the business has exited the market
A) diversify growth B) harvest price C) divest market D) reduce-market-focus E) monetize cash flow
Dew Drops Company purchased equipment for $200,000. The company recorded total depreciation of $140,000. On January 1, 2018, the company exchanges the equipment for new equipment, paying $150,000 cash. The fair market value of the new equipment is $250,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. Omit explanation.
What will be an ideal response?
Which of the following is true regarding Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets," accounting and reporting standards for discontinued operations?
a. A component of a business always represents the same concept as a segment of a business used in reporting disaggregate information. b. A test for, and recognition of, an impairment loss would be necessary for a component that had not been sold by year-end if the fair value of the component was determined to be less than the book value. c. Discontinued operations should follow extraordinary items on the face of the income statement. d. The gain or loss recognized for reported in the discontinued operation section of the income statement includes only the gain or loss on disposal of the component and not the income or loss from operating the discontinued operation.
Former public relations executive Martin Arnold tells students who aspire to work in public relations to check out organizations that have job possibilities in their keenest areas of interest
Indicate whether the statement is true or false