Congress passed a law permitting those who were the victims of hate crimes to bring suit in federal district court to recover from the perpetrators of the hate crimes. Such a statute:
A) is a legitimate exercise of Congressional authority
B) is an unconstitutional expansion of the Commerce Clause.
C) is constitutional so long as the state agrees.
D) is constitutional so long as there is an economic impact of hate speech.
E)None of the above
B
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Encumbrance accounting is typically not used for Permanent Funds.
Answer the following statement true (T) or false (F)
Which of the following statements is true of a breach of contract?
A. Strict performance by a party discharges that party's obligations under the contract. B. Inferior performance constitutes a minor breach of contract. C. Substantial performance constitutes a material breach. D. The most common remedy for a breach of contract is an award of equitable remedies.
One year many customers' machinery wears out and needs to be replaced. The following year no customers need new machinery. This is an example of ________ demand
A) inelastic B) fluctuating C) elastic D) consumer E) static
Allman, Inc, enters into a call option contract with Betts Investment Co on January 2, 2014 . This contract gives Allman the option to purchase 1,000 shares of Upmann stock at $100 per share. The option expires on April 30, 2014 . Upmann shares are trading at $100 per share on January 2, 2014, at which time Allman pays $200 for the call option. Using the information above, assume that the price
of the Upmann shares has risen to $130 per share on March 31 . 2014, and the Hall is preparing financial statements for the quarter ending March 31 . As regards this option, Hall, Inc, would report which of the following? a. A $30,000 realized gain b. A $30,000 unrealized gain c. A deferred gain of $29,800 d. Nothing would be reported in the financial statements or the notes thereto.