Which of the Following Is TRUE of the Virginia Declaration

question 43

Multiple Choice

Which of the following is TRUE of the Virginia Declaration of Rights?

• A) It included a provision giving slaves the right to vote in the state.
• B) It became the basis for other bills of rights, including the United States Bill of Rights.
• C) It only deals with the rights protecting individuals from government, not the rights government must give to citizens.
• D) It was ignored during its own time, but has recently been taken up by Tea Party groups as a way to better interpret the United States Bill of Rights.
• E) It was the first rights bill passed after the U.S. Bill of Rights, becoming the basis for incorporation.

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Definitions:

Fair Value

The amount one would get from selling an asset or the cost incurred to transfer a liability during a regulated transaction with participants in the market as of the valuation date.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, detailing assets, liabilities, and equity at a specific point in time.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Book Value

The value of a company's assets as recorded in its financial statements, minus the company's total liabilities and intangible assets such as goodwill.