A Federal Law Prohibiting the Use of a Certain Pesticide

question 5

Multiple Choice

A federal law prohibiting the use of a certain pesticide directly conflicts with a state law permitting that use. The state law will be rendered invalid due to​

• A) ​the supremacy clause.
• B) ​the commerce clause.
• C) ​the equal protection clause
• D) ​the due process clause.

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Definitions:

Prior Period

A term referring to the financial events or conditions from a previous accounting period.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

Stock Dividend

A dividend payment made to shareholders in the form of additional company shares rather than cash.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested in the business.