In Corey Airport Services v. Clear Channel Outdoor, where Corey lost a bid to provide services at the Atlanta airport and a jury then found there to be a conspiracy that deprived Corey of millions of dollars worth of business, the appeals court held that::
a. that there was no equal protection claim because there was no identifiable group subject to discriminatory treatment
b. that the conspiracy between airport officials and Clear Channel provided the basis for a claim of a violation of equal protection interests under the 14th Amendment
c. that the government treated Cory differently because it was owned by minorities, which is a violation of equal protection
d. that Corey's equal protection rights had been violated but there were no damages because Corey was not the low bidder in the competition to provide the services
e. none of the other choices are correct
a
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Jason had been operating his machine for an entire month before he realized that it was generating more scrap than usual. Which advantage of budgeting would have helped him identify this problem sooner?
A. Coordination B. Performance measurement C. Planning D. Corrective action
If purchases are recorded correctly but ending physical inventory is understated, which one of the following situations occurs for the current year?
A) Working capital is understated and net income is overstated. B) Working capital and net income are understated. C) Working capital is overstated and net income is understated. D) Working capital and net income are overstated.
A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1 . If the truck was discarded as having no value, the entry to record this event is:
a. Truck 12,000 Accumulated Depreciation— Truck 12,000 b. Truck 9,000 Accumulated Depreciation— Truck 9,000 c. Accumulated Depreciation— Truck 12,000 Truck 9,000 Gain on Sale of Equipment 3,000 d. Accumulated Depreciation— Truck 9,000 Loss on Sale of Truck 3,000 Truck 12,000
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NANorth Co. issued a note to purchase a building.Assets=Liabilities+Common Stock+Retained Earnings???????
What will be an ideal response?