Peter Parker was editor-in-chief of the Jim Thorpe News-Gazette. After he printed a news story accusing Sheriff Andy Taylor of corruption, the sheriff shut down the newspaper under a state statute allowing sheriffs to close any newspaper they consider a "public nuisance." Parker said the statute was unconstitutional. Is Parker correct? Select YES or NO

THEN:

Select ONE legal reason to support your answer

a. YES
b. NO
c. The U. S. Constitution's full faith and credit clause would allow this type of statute.
d. The statute violates freedom of the press, which is guaranteed by the First Amendment to the U. S. Constitution.
e. The statute is constitutional because the injunction does not constitute cruel and unusual punishment.
f. Any statute that violates the Fourth Amendment's prohibition against unwarranted searches is unconstitutional.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000