A New York City ordinance prohibits the sale in the city of any flavored tobacco product except in a tobacco bar. The U. S. Smokeless Tobacco Manufacturing Company challenged the validity of the ordinance, arguing that it is preempted by the Family Smoking Prevention and Tobacco Control Act. That federal law authorizes the Food and Drug Administration (FDA) to establish standards “respecting the construction, components, ingredients, additives, constituents, including smoke constituents, and properties of . . . tobacco products.” Although the statute prohibited the FDA from banning all tobacco products, it banned the use of flavored additives in cigarettes and authorized the FDA to prohibit the use of other ingredients in tobacco products if it deems them particularly harmful to the public health. The federal statute contains a preemption clause that cautions that it should not be construed to limit the authority of states or their political subdivisions to enact rules more stringent than the federal requirements. Is the city ordinance preempted by the federal statute? Explain.

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?