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“It is emphatically the province and duty of the Judicial Department to say what the law is. Those who apply the rule to particular cases must, of necessity, expound and interpret that rule. If two laws conflict with each other, the Courts must decide on the operation of each…. If, then, the Courts are to regard the Constitution, and the Constitution is superior to any ordinary act of the Legislature, the Constitution, and not such ordinary act, must govern the case to which they both apply…. The judicial power of the United States is extended to all cases arising under the Constitution.”
--Chief Justice John Marshall, Marbury v. Madison, 1803
-Which of the following powers did Marshall assert the Supreme Court had in Marbury v.Madison?
Freight-Out Costs
Expenses related to the transportation of goods from the seller to the buyer, typically recorded as a selling expense.
Interest Cost
The expense associated with borrowing funds, often calculated as the product of the interest rate and the outstanding principal of the debt.
Inventory
Items held by a company for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.
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