What are zoning laws and give an example?
What will be an ideal response?
Zoning law is local law that restricts the use of land or real estate. For example, land or other property may be restricted to commercial use only, residential use only, or a mix of both.
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Yellow Dog Transit sold an old truck on December 31, 2016, for $18,400 cash. The following data was available when the truck sold: Acquisition cost $75,000 Estimated residual value at time of acquisition 8,000 Accumulated depreciation on December 31, 2016 after adjustment 53,600 When this transaction is recorded, it should include a(n)
a. Loss on Disposal account for $3,000 b. Decrease of $21,400 to the Truck account c. Gain on Disposal account for $3,000 d. Gain on Disposal account for $5,000
Why are audits of most stock issuance usually considered to be relatively straightforward?
a. The number of transactions is small. b. The transactions are typically material. c. Most stock is issued for cash. d. There are no disclosure issues to worry about, since stock amounts are reported in the body of the balance sheet.
What are the recommendations that can ensure that job evaluation plans are bias-free?
What will be an ideal response?
Scenario 8.3 Use the following to answer the questions. The United States believes China is selling its steel products in the U.S. at unfairly low prices. For many years, domestic steelmakers have complained, saying that they cannot compete against the influx of Chinese steel entering the market. China denies that it is engaging in such behavior. However, the United States has announced that imports of Chinese steel products will now be more expensive-in some cases, by as much as 265.79%. American steelmakers believe this is the only way they will be able to compete against Chinese steel imports. Refer to Scenario 8.3. The reason Chinese steel products will be expensive is because the U.S. government is levying __________ against them.
A. an embargo B. quotas C. exchange controls D. import tariffs E. export duties