The state of California told the owners of a beach-front house that, before it would issue a building permit to allow expansion of the house, the owners had to agree to allow public use of their beach property. The Supreme Court held that this:
a. was a proper use of state police power
b. was a proper use of state regulatory power for "the public welfare"
c. regulation of beach land was consistent with federal law and so was permissible d. was an unjust taking of property without compensation
e. regulation was inconsistent with existing federal law and so was stricken
d
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On a corporate income statement, income from continuing operations
a. will exceed net income. b. will equal net income. c. will be less than net income. d. can equal, exceed, or be less than net income.
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements—Loss on Sale of Investment—indicate the effect on net income in arriving at net cash flows from operating activities by choosing one of the following:
a. Add to net income to arrive at net cash flows from operating activities b. Subtract from net income to arrive at net cash flows from operating activities c. Not used to adjust net income to calculate net cash flows from operating activities
The National Taxonomy of Exempt Entities (NTEE) divides nonprofit organizations into categories based on the organization’s:
a. purposes, activities, and programs. B. budget and staff. C. mission and vision statements. D. type of clients served.
Agencies do not need to worry about complying with the U.S. Constitution's due process class; they only need to worry about following the Administrative Procedures Act
Indicate whether the statement is true or false