Substantive (Legislative) Rules Issued by Agencies Are

question 201

Multiple Choice

Substantive (legislative) rules issued by agencies are:

• A) statements that provide the agency staff and public with guidance regarding what the agency believes a certain statute or regulation means
• B) statements of the intent of Congressional statutes as approved by the federal judiciary
• C) rules that describe an agency's organization, method of operation, and internal practices
• D) statements that may only rephrase the language of a statute passed by Congress
• E) none of the other choices

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Definitions:

Valuation of Liabilities

The process of determining the present value of liabilities, often for financial reporting or when entities merge or are acquired.

Impairment of Assets

A reduction in the recoverable value of a fixed asset or goodwill, signifying that its carrying amount exceeds its recoverable amount or market value.

Degree of Control

The extent to which an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.