The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 23, Problem 8BCP
Summary Introduction
Case summary: The company KCCC operates coal mines in West Virginia. The US Department of Labor charged the no.1 coal mine of KCCC for “significant and substantial” (S&S) violations of the FMSH Act. There was a potential danger of explosion due to improper sealing of electronic equipment. The violation of the mine act designates that it ‘could significantly and substantially affect and cause safety and health threats. The argument of secretary that ‘Could’ constitutes the mere possibility of threat is hazardous if the violation existed. The company, KCCC filed a lawsuit against the secretary of the Department of Labor to evident the violation.
To find: The deference in the interpretation of the statute by the court.
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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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Chapter 23 Solutions
The Legal Environment of Business: Text and Cases
Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Assume that the Securities and Exchange Commission...Ch. 23 - Prob. 4RECh. 23 - Prob. 1ISCh. 23 - Prob. 2ISCh. 23 - Prob. 1BSCh. 23 - Informal Rulemaking. Assume that the Food and Drug...Ch. 23 - Rulemaking. The Investment Company Act prohibits a...Ch. 23 - Prob. 4BCP
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