In Central Hudson Gas & Electric Corp

question 56

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 regulation:

• A) failed the "strict construction" test that applies to all First Amendment issues
• B) failed the four-part analysis that applies to commercial speech restrictions
• C) passed the four-part analysis that applies to commercial speech restrictions
• D) passed the "strict construction" test that applies to all First Amendment issues
• E) passed the test concerning impact on interstate commerce

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Definitions:

Debits

Entries on the left side of an accounting ledger, representing increases in assets or expenses or decreases in liabilities, equity, and revenue.

Credits

Accounting entries that increase liabilities or equity or decrease assets, typically found on the right-hand side of an accounting ledger.

Debit Side

Part of a double-entry bookkeeping system, referring to the left side of an account where increases in assets or expenses or decreases in liabilities, equity, or revenue are recorded.

Credit Side

The section of an account where increases in liabilities, equity, and revenue, or decreases in assets and expenses are recorded.