In Central Hudson Gas & Electric Corp

question 81

Multiple Choice

In Central Hudson Gas & Electric Corp. v. Public Service Comm., the New York utility commission ruled that electric utilities could not advertise to promote the use of electricity. The Supreme Court held that the:

• A) First Amendment right of free speech, including commercial speech, had been violated
• B) First Amendment right of free speech had not been violated because it does not protect commercial advertising
• C) First Amendment right of free speech had not been violated, not because commercial speech has no protection, but because of public interest in energy conservation
• D) state of New York cannot regulate public utilities without federal approval because of the commerce clause
• E) none of the other choices

Understand and apply the concept of inventory shrinkage and its adjustment in accounting records.

Learn how to prepare and understand the components of a single-step income statement and a statement of owner's equity.

Grasp the differentiation between periodic and perpetual inventory systems and their impact on accounting records.

Acquire the ability to arrange selected accounts in order of appearance for companies using a multiple-step income statement.

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Definitions:

Information Inputs

Data or information that is entered into a system for processing or analysis.

Functional Job-Analysis

A method used to identify and describe the tasks, duties, and responsibilities of a job.

Effective Performers

Individuals who consistently achieve their goals and make significant contributions to organizational success through high levels of productivity and quality of work.

Job-Related Items

Specific tasks or duties associated with a particular job, or elements that are directly connected to the performance of work in a given position.