Under What Circumstances May Montana Regulate the Same Subject Matter

question 66

Multiple Choice

Under what circumstances may Montana regulate the same subject matter as the federal government?

• A)When a person's compliance with Montana state regulation would not cause him or her to be in violation of a federal regulation.
• B)Never.A state cannot regulate the same subject matter as the federal government.
• C)Only if the Montana law serves a compelling government interest.
• D)Only if there is no federal law regarding the subject matter in the Montana state law.
• E)Only when federal law expressly provides Montana with permission.

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Definitions:

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Commercial Substance

Commercial substance refers to a transaction that causes a significant change in the cash flows of a company or significantly alters the entity's operations.

Trade-in Allowance

The credit a buyer receives when they trade in an old asset (like a car) towards the purchase of a new asset, reducing the price of the new purchase.

Book Value

The net value of a company's assets as listed on the balance sheet, calculated by subtracting liabilities from total assets.