Which Regulations Have the Force and Effect of Law

question 85

Multiple Choice

Which Regulations have the force and effect of law?

• A)Procedural Regulations.
• B)Finalized Regulations.
• C)Legislative Regulations.
• D)Interpretive Regulations.
• E)All of the above.

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Definitions:

Land Account

An account on the balance sheet that reports the cost of land owned by a company.

Double-declining-balance

A method of accelerated depreciation that doubles the rate at which an asset's book value declines, compared to straight-line depreciation.

Straight-line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life.

Financial Accounting

The field of accounting focused on reporting financial information and transactions for decision makers outside the organization.