In Central Hudson Gas & Electric Corp v. Public Service Comm., the New York utility commission ruled that electric utilities could not advertise to promote the use of electricity. The Supreme Court held that the:
a. the State interest in conserving energy was substantial, but a complete suppression of speech was more extensive than necessary to further the energy conservation goals
b. the State interest in conserving energy was not substantial and a complete suppression of speech was more extensive than necessary to further the energy conservation goals
c. the State interest in conserving energy was substantial and a complete suppression of speech was necessary to further the energy conservation goals
d. the State interest in saving money was substantial, but a complete suppression of speech was more extensive than necessary to further the energy conservation goals
e. none of the other choices are correct
a
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In the context of the elements of VBA programming, a(n) _____ is a named element whose value doesn't change.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements best describes a §338 transaction?
A. A §338 transaction is an election made by the buyer to treat a stock acquisition as an asset acquisition. B. A §338 transaction is an election made by the seller to treat an asset acquisition as a stock acquisition. C. A §338 transaction is an election made by the buyer to treat an asset acquisition as a stock acquisition. D. A §338 transaction is an election made by the seller to treat a stock acquisition as an asset acquisition.
In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was:
a. a binding contract had been formed, even though only one of the parties had signed the agreement b. a binding contract was never formed because the parties did not agree on some major terms needed for an agreement c. there was no binding contract because Certified failed to accept in the manner prescribed in the contract that was offered d. there was no binding contract because Precision failed to make the initial payment needed to bindCertified e. there was no binding contract because the document "shocked the conscience of the court"
Use the following to answer questions 114-116:Seattle Company issued a $90,000 face value discount note payable to First Federal Bank on September 1, Year 1. The note had a 4% discount rate and a one-year term.What is the effect of the accrual of interest expense on the elements of the financial statements?A.Liabilities will increase and retained earnings will decrease.B.Assets and liabilities will decrease.C.Assets will increase and retained earnings will increase.D.Liabilities will increase and assets will decrease.
What will be an ideal response?