The Public Demand for a More Active Federal Role and the Creation

question 93

Multiple Choice

The public demand for a more active federal role and the creation of independent regulatory agencies after the Civil War was spurred by

• A)a rise in large corporations such as railroads that outgrew the regulatory authority of the states.
• B)the rising size of federal bureaucratic agencies that needed public oversight.
• C)an inflation in the scope and authority of state regulatory agencies over corporations.
• D)increased industrial capabilities in northern states and a growing agrarian society in the South.

Differentiate between net income and cash flow from operating activities.

Calculate net cash flow from operating activities.

Explain the accounting communication process and the roles of its participants.

Compute beginning retained earnings balance.

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