For State Regulation of Interstate Commerce to Be Constitutional

question 52

Multiple Choice

For state regulation of interstate commerce to be constitutional:

• A)the state's purpose must be to protect the public's health and safety.
• B)the state cannot place an undue burden on interstate commerce.
• C)Either a or b
• D)Both a and b

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit accounts columns to check the accuracy of financial transactions.

Work Sheet

An internal document or spreadsheet used by accountants to prepare financial statements and consolidate adjusting entries.

Income Statement Debit

A transaction or expense that decreases net income on the income statement.

Net Loss

The amount by which expenses exceed revenues.