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In Addition to Acting as a Broad Source of Federal

question 88

True/False

In addition to acting as a broad source of federal power,the Commerce Clause also restricts the power of the states to regulate activities if the result obstructs or unduly burdens interstate commerce.


Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into service.

Acquisition Cost

The total cost incurred to acquire an asset, including the purchase price and all related expenses.

Indirect Method

A way of reporting net cash flows from operating activities in a cash flow statement by starting with net income and adjusting it for changes in balance sheet items.

Operating Activities

Business activities related to the core functions of a company including production, sales, and delivery of the company’s products and services.

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