The Federal Government Did Not Begin to Regulate the Economy

question 220

Multiple Choice

The federal government did not begin to regulate the economy in any large way until

• A) the Fourteenth Amendment was passed.
• B) the Interstate Commerce Commission (ICC) was created.
• C) the laissez-faire doctrine was upheld by a majority of the Senate.
• D) the commerce clause was amended.
• E) the Department of Labor was created.

Understand the calculation of non-controlling interest (NCI) and its components.

Calculate goodwill using the proportionate interest method.

Calculate goodwill using the fair value method.

Determine the fair value of shares for NCI in the absence of an active market.

---

Definitions:

United Artists

A film and television production company founded by several leading Hollywood actors and filmmakers in 1919 to control their own interests.

Crosscutting

An editing technique used in filmmaking to establish action occurring at the same time in two different locations by cutting back and forth between them.

Birth Of A Nation

A 1915 American silent film directed by D.W. Griffith; controversial for its portrayal of African Americans and its glorification of the Ku Klux Klan.

Ku Klux Klan

A white supremacist hate group in the United States, known for promoting racism, anti-Semitism, xenophobia, and homophobic views, among other extreme positions.