A Law That Banned Inuits from Buying Property in Alaska

question 25

Multiple Choice

A law that banned Inuits from buying property in Alaska would be reviewed under which of the following standards of judicial review?

• A) rational basis test
• B) undue burden test
• C) Monroe Doctrine
• D) intermediate scrutiny
• E) strict scrutiny

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Bad Debt Expense

An estimate of the accounts receivable that a company does not expect to collect, recognized as an expense.

Journal Entry

A record in the books of accounts that logs financial transactions, including debits and credits, in chronological order.

Credit Terms

Conditions under which a seller will extend credit to a buyer, including the repayment time frame, discount for early payment, and interest rate.