The following expenditures relating to plant assets were made by glenn company during the first 2 months of 2017. (b) indicate the account title to which each expenditure should be increased. 1. paid $7,000 of accrued taxes at the time the plant site was acquired. 2. paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. 3. paid $850 sales taxes on a new delivery truck. 4. paid $21,000 for parking lots and driveways on the new plant site. 5. paid $250 to have the company name and slogan painted on the new delivery truck. 6. paid $8,000 for installation of new factory machinery. 7. paid $900 for a 1-year accident insurance policy on the new delivery truck. 8. paid $75 motor vehicle license fee on the new truck.

In allentown, pennsylvania, in the summer of 2014, the average price of a gallon of gasoline was $3.68long dasha 22-cent increase from the year before. many consumers were upset by the increase. one was quoted in a local newspaper as saying, "it's crazy. the government should step in." source: sam kennedy, "valley feeling pain at the pump," (allentown, pa) morning call, june 21, 2014. suppose the government had stepped in and imposed a price ceiling equal to old price of $3.46 per gallon. a. using the line drawing tool, draw and label the price ceiling. carefully follow the instructions above, and only draw the required object.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above