A Province Created a Statute

question 38

Multiple Choice

A province created a statute.A court ruled that the statute was ultra vires.That means that

• A)the statute has full force (ultra means "most" and vires means "strength," as in "virility").
• B)the province acted contrary to the division of powers because it enacted legislation that it did not have the constitutional jurisdiction to enact.
• C)the statute must violate the Charter.
• D)the statute applies both inside and outside of the province.
• E)the statute must deal with public law rather than private law.

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Definitions:

Indirect Method

A method used in cash flow statement preparation that adjusts net income for the changes in balance sheet accounts to calculate the cash from operating activities.

Accounts Payable

Obligations or debts owed by a company to its suppliers or creditors for goods and services received.

Sales

Income earned from the sale of products or services over a defined time frame.

Direct Method

A cost allocation technique used in cost accounting that assigns all service department costs directly to producing departments without considering any services rendered between service departments.