A Federal Organization Responsible for Creating and Implementing Rules That

question 65

Multiple Choice

A federal organization responsible for creating and implementing rules that regulate private activity and protect the public interest in a particular sector of the economy is known as a(n)

• A) executive department.
• B) government corporation.
• C) stockholder-owned, government-sponsored enterprise.
• D) national board of review.
• E) independent regulatory agency.

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Definitions:

Non-controlling Interest

An ownership interest in a subsidiary that is not significant enough to allow the holder to control or influence its policies.

Available-for-sale

A classification of financial assets indicating they can be sold in the future, not held to maturity or for trading immediately.

Derecognition

The removal of an asset or liability from a company's balance sheet when it is no longer controlled or owes it.

Financial Assets

Assets that are cash, an equity instrument of another entity, a contractual right to receive cash or another financial asset, or a contract that will or may be settled in the entity's own equity instruments.