Which the federal government has the power to act

Assignment Help Financial Accounting
Reference no: EM131206556

Does the U.S. Congress have the authority to adopt legislation overruling state policies in an area in which the federal government has the power to act, such as interstate commerce?

a. No. The Equal Protection Clause holds that state laws are equal to federal laws. In this case, the state law takes precedence because it was in place first.

b. No. State police power supersedes federal authority.

c. Yes. The National Supremacy Clause declares that the U.S. Constitution and laws made under it are the supreme law of the land.

d. No. States are sovereign governments and the federal government cannot overrule their actions.

Reference no: EM131206556

Questions Cloud

Ceo copy southwest culture : 1. List the reasons why Southwest's and Value Line's cultures differ so sharply. 2. Could Value Line's next CEO copy Southwest's culture?
Write some good topics that focus on communication behavior : Write some good topics that focus on communication behavior.- The topic proposal is the first phase of your research project.
Which area interests you most and why : We have been studying social movements in all sectors of society. Which area interests you most and why? (for example social movements that are about : civil rights, education, health care, politics, etc?)
Explore how consumers make economic decisions : You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following.
Which the federal government has the power to act : Does the U.S. Congress have the authority to adopt legislation overruling state policies in an area in which the federal government has the power to act, such as interstate commerce?
Tragic business scandal : Research and discuss what you think was a tragic business scandal and explain the impact that it had.
What is this organization culture concerning assessment : Why is this organization's culture on assessment important to understand? How would you discuss your proposal to use standardized screening assessments while respecting the culture and role of informal assessment?
During its most recent fiscal year : During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed costs amounted to $1,225,000 and pretax income was $1,575,000. What amount should have been reported as variable costs in the ..
Company manufactures and sells a product : A company manufactures and sells a product for $113 per unit. The company's fixed costs are $61,760, and its variable costs are $83 per unit. The company's break-even point in dollars is: (Round your intermediate calculations to two decimal places.)

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Prepare journal entries for transactions for bebeto company

CASH DIVIDENDS AND INCOME TAXES During the year ended December 31, 20-2, Bebeto Company completed the following selected transactions: Prepare journal entries for the transactions.

  Prepare journal entries necessary to record the formation

Prepare the journal entries necessary to record the formation of the partnership - It is further agreed that the new partnership will assume all liabilities of the proprietorships.

  Mentioning that several account balances were estimated

On January 13, 2105, Tamira Nelson, the accountant for Pictron Enterprises, is feeling pressure to complete the annual financial statements. The company president says that she will need up-to-date financial statements to share with the bank on Janua..

  Record the purchase of office supplies on account

Record the purchase of office supplies on account. Record the cash received as advance payment on equipment rental. Record the salaries paid for the first two weeks. Record the rental fees earned in first 15 days of December.

  How would you response james if you were a utilitarian

Critically discuss the major ethical issues raised by the AWB scandal. You are required to make references to the unit materials and need to do scholar research to support your discussion.

  Would jane tax situation be better or good

She has a large amount of income from other sources and is in the 35% marginal tax bracket. Would Jane's tax situation be better if Good Co. Were a proprietorship or a C corporation? Explain why."

  Market price of the company''s stock

Is the market price of the company s stock going up or down- is the earnings per share increasing or decreasing - Current assets consist of cash, accounts receivable, and inventory

  Determine the book value of the two fixed assets on december

Record the adjusting journal entry on December 31 to record the depreciation expense for the two fixed assets. Determine the book value of the two fixed assets on December 31.

  How much of the liabilities are classified as long-term debt

How much of these liabilities are classified as long-term debt? How much of their debt is maturing in each of the next five years? How much is maturing in more than five years?

  Marketing department prepared first-quarter sales forecast

Tim's Temple Tools sells small eyeglass repair tools for $1.25 each. Tim's marketing department prepared the following first-quarter sales forecast (in units): Required: Prepare Tim's sales budget for each month of the quarter. January February March..

  Airborne manufacturing co completed the following

airborne manufacturing co. completed the following transactions during 2012.jan

  Should goodguys ltd. accept the offer

The division is dropped, the staff will be laid-off, with the exception of one person who will be assigned to another job. Her salary is $45,000. Should the division be dropped?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd