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Rashid [163]
3 years ago
8

In which case did the U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce cl

ause when it enacted the Controlled Substances Act of 1970?
a. Shepard v. U.S.
b. Gonzalez v. Raich
c. Obergefell v. Ohio
Business
1 answer:
sukhopar [10]3 years ago
6 0

The U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970- Gonzalez v. Raich Case

Explanation:

<u>Gonzales v. Raich</u> was a case in which Raich was permitted  to grow and use Marijuana for medical purposes but the federal agents seized the marijuana plantation and destroyed it.

<u>Raich  then seeked action under  the federal Comprehensive Drug Abuse Prevention and Control Act (CFA). In the decision taken by the U.S Supreme court under the commerce clause of the US Constitution,that the congress has the power to criminalize the use and production of home-grown marijuana even if state law allows its use for medicinal purposes.</u>

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Answer:

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b. Advertising Expense

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c. Service Revenue

Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.

d. Accounts Receivable

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e. Retained Earnings

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f. Dividends

Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.

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3 years ago
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7 0
3 years ago
At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at
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    Average     FIFO         LIFO                   Specific        

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Sales                             $ 3,840      $3,840       $3,840              $ 3,840                        

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The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.

The basic formula for the income statement is Income - Expenses = Net Income. This simple equation tells you if your company is profitable.

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3 0
2 years ago
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Answer with Explanation:

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The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.

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