The Legal Environment of Business: Text and Cases
The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
Question
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Chapter 25, Problem 8BCP

(a)

Summary Introduction

Case summary: The Clean Air Act has allowed state C to adopt its own standard of emissions, which is subjected to EPA’s approval. Other states were also allowed to adopt C’s standard after EPA’s approval. State V and other states adopted the standard without EPA’s approval. Auto dealers and automakers filed a suit against the states.

To find: Comparison between GHG rules and fuel economy standards.

(b)

Summary Introduction

Case summary: The Clean Air Act has allowed city C to adopt its own standard of emissions, which is subjected to EPA’s approval. Other states were also allowed to adopt C’s standard after EPA’s approval. City V and other states adopted the standard without EPA’s approval. Auto dealers and automakers filed a suit against the states.

To explain: State V’s rules that depicts the hard work and efforts of the federal government to address climate change internationally and the liable party to regulate GHG emissions.

(c)

Summary Introduction

Case summary: The Clean Air Act has allowed city C to adopt its own standard of emissions, which is subjected to EPA’s approval. Other states were also allowed to adopt C’s standard after EPA’s approval. City V and other states adopted the standard without EPA’s approval. Autodealers and automakers filed a suit against the states.

To find: The validity of the claim made by the automakers.

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Subject:- General Account
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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