Answer:
The answer is: B) the EPA's decision takes precedence.
Explanation:
The Supremacy Clause (Article VI, Clause II of the Constitution of the United States of America) states:
"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."
This means that the federal government and its laws, treaties and rules have precedence over state or local laws.
M2 is a calculation of money supply that includes all elements of M1 (cash, checking deposits, etc) plus "near money" which includes mutual funds, savings deposits, money market securities, etc.
Banks get money to lend through other people's deposits (minus the required reserve ration) and from interest income from other loans they make.
Answer:
The correct answer to the following question is $437,500.
Explanation:
In their books Higgins Repair service should record the value of the land as $437,500, no matter offer the made and they offer receive for selling the land. They made a deal with seller on April 15 , to buy the land for $437,500 and as per the cost concept or principle in accounting , an asset should be recorded in the books of account at the amount paid for acquiring it and this amount would not change in situations of inflation or change in market value.