What was the importance of the decision in the Pacifica case?
What will be an ideal response?
The Supreme Court held in FCC v. Pacifica Found., 438 U.S. 726 (1978) that the FCC can restrict indecent speech on the airwaves even though such speech is otherwise protected under the First Amendment. This case involved an afternoon radio broadcast of comedian George Carlin's twelve minute monologue entitled Filthy Words, which listed and repeated a variety of uses of "words you couldn't say on the public airwaves." The Court found the Carlin monologue to be indecent and upheld the FCC ruling that the language was indecent and prohibited by 18 U.S.C. §1464.
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The balance sheet of a defined benefit pension plan includes the assets in the pension plan measured at fair value and the projected benefit obligation measured using a current interest rate on high-quality fixed-income investments. The difference between the assets and the liabilities indicates the extent to which a pension plan is overfunded or underfunded
Indicate whether the statement is true or false
Courts will enforce contracts for the benefit of all but which of the following?
a. Donee beneficiaries. b. Creditor beneficiaries. c. Incidental beneficiaries. d. Intended beneficiaries.
Grady Corporation provides the following financial information
Minimum acceptable operating income $556,600 Average total assets $2,000,000 Operating income $708,000 Return on investment 35.40% Net sales $900,000 Calculate the target rate of return. (Round your answer to two decimal places.) A) 27.83% B) 78.67% C) 35.40% D) 61.84%
Depreciation is a non-cash deduction so it may be ignored in the calculation of a project's
incremental after-tax cash flows. Indicate whether the statement is true or false