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2 years ago

What was an attempt to restrict a monopoly of the oil industry in the united states?.

1 answer:

5 0

A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies.

<h3>What is meant by Sherman Antitrust Act?</h3>

A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies. The law, which was passed in 1890, made it illegal for these organizations to dictate, regulate, and manipulate pricing in a certain market.

The Sherman Antitrust Act, a statute enacted in the United States that outlawed trusts, forced these tiny groups of independent businesses that joined to form a massive corporation and essentially established a monopoly in the oil sector to sell their shares, thereby boosting competition. This was a direct shot at American Tobacco and Standard Oil.

Therefore, the correct answer is option c. Sherman antitrust act.

The complete question is:

Which of the following was an attempt to restrict a monopoly of the oil industry in the united states?

a. Dingley Act of 1867

b. interstate commerce commission

c. Sherman antitrust act

d. McKinley tariff of 1890

To learn more about Sherman Antitrust Act refers to:

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Answer:

The correct answer is<u> comprehensive income.</u>

Explanation:

The change in equity (net assets) of an entity during a period from transactions and other events and circumstances from non-owner sources is called comprehensive income.

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Formula of calculation :

Comprehensive income = Net Income + Other Comprehensive Income

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3 years ago

The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye

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The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.

Total Assets = Total Liabilities + Total equity

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The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.

At the end of the year:

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3 years ago

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4 years ago

Read 2 more answers

Indicate which of the following has an effect on financing cash flows.

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Answer:

b. Paid cash dividends of $13,200 to common stockholders.

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