Zoning ordinances are an exercise of a government's
a. power of eminent domain.
b. power of condemnation.
c. police power.
d. judicial power.
Answer: c. police power.
Business
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Which of the following inventory valuation methods minimizes income tax expense during a period of rising inventory costs?
A) first-in, first-out B) last-in, first-out C) weighted-average D) specific identification
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Employer FICA is paid by the employer and recorded as a payroll tax expense
Indicate whether the statement is true or false
Business