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.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."