In CASE 4.2 Brown v. Entertainment Merchants Association (2011), involving the issue of whether a California statute could prohibit the sale or rental of graphically violent video games to minors, what was the holding of of U.S. Supreme Court?
a. That the law was valid because the video games did not qualify for First Amendment protection.
b. That the law was valid because minors are not entitled to First Amendment protection.
c. That the law was invalid because the state could not establish a rational basis for it.
d. That the law was invalid because the state could not satisfy the strict scrutiny test applied.
d
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Up-a-Creek, Inc., needed some long-term financing and arranged for a 6-year, $60,000, 12% mortgage loan on January 1, Year 1. Annual payments of $14,594 will be made on December 31 each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where each amount is found. What is Payment of interest?
A. $(14,594); Statement of Cash Flows (financing activities section) B. $(7,200); Income Statement C. $52,606; Balance Sheet D. $(7,200); Statement of Cash Flows (operating activities section) E. $45,406; Balance Sheet F. $(7,394); Statement of Cash Flows (financing activities section) G. $60,000; Balance Sheet H. $(7,394); Income Statement I. $(14,594); Income Statement
Managers use the job-cost record (job-cost sheet) to:
A) indicate the type of each product received. B) record raw material purchases from suppliers. C) indicate the quantity of each product received. D) record only manufacturing costs accrued on the job. E) record and accumulate all costs assigned to a specific job.