________ Warned Americans of the "Baneful Effects" of Factions (Political

question 17

Multiple Choice

________ warned Americans of the "baneful effects" of factions (political parties) in his 1797 farewell address.

• A)James Madison
• B)Thomas Jefferson
• C)George Washington
• D)Andrew Jackson
• E)Abraham Lincoln

---

Definitions:

Owner's Equity

The residual interest in the assets of a business after all liabilities have been deducted, often referred to as net assets or shareholder equity.

Assets

Resources owned by a business with future economic benefits.

Investments

The balance sheet caption used to report long-term investments in stocks not intended as a source of cash in the normal operations of the business.

Cash

Money in the form of currency or coins, readily available for transactions.