An Agency's Rule-Making Power Is Derived From

question 22

Multiple Choice

An agency's rule-making power is derived from:

• A) judicial fiat
• B) an institutional charter issued by either the Secretary of State of the United States government or the Secretary of State of the particular state in which the agency is to exercise its investigative and adjudicatory powers.
• C) the enabling legislation enacted by Congress for the creation of the agency.
• D) executive order

---

Definitions:

Subsidiary Consolidated

A process where the financial statements of a subsidiary are integrated with those of its parent company for reporting purposes, treating the two entities as a single economic entity.

Acquisition Accounting

The method used in accounting for the purchase of one company by another, which involves consolidating the financial statements of both companies.

Assets and Liabilities

Assets are resources controlled by a business with future economic benefits, while liabilities are obligations that will result in an outflow of resources.

Business Combination

The process of merging two or more entities into one, through various forms such as acquisitions, consolidations, or mergers.