Len, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat in Chesapeake Bay. The Maryland state legislature enacts a law that bans all commercial fishing in the bay. The state law most likely violates
A. no provision in the U.S. Constitution.
B. the commerce clause.
C. the due process clause.
D. the supremacy clause.
Answer: D
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Distinguish between errors and irregularities. Which do you think concern the auditors the most?
Manuel's vacation to Chicago for $1,000 for three nights in a four-star hotel on Michigan Avenue included airfare and accommodation. If these services were availed individually, it would have been more expensive. This form of pricing is referred to as
A. leader pricing. B. zone pricing. C. odd pricing. D. price bundling. E. variable bundling.
If a company has current assets of $15,000 and current liabilities of $9,500, its current ratio is 1.6
Answer the following statement true (T) or false (F)
Under a capital lease, the lessee records both an asset and a liability
Indicate whether the statement is true or false