In Federalist 10, James Madison Determined That the Central Problem

question 2

Multiple Choice

In Federalist 10, James Madison determined that the central problem for government is the need to control ________.

• A) factions
• B) for executive tyranny
• C) a powerful Speaker of the House
• D) anarchy

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Definitions:

Interest Income

Revenue earned from the investment of funds in interest-bearing accounts or securities, such as bonds or savings accounts.

Rent Expense

An expense account recording the cost incurred by a business to rent facilities or equipment.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period, ensuring the accounts reflect true and fair values.

Fees Earned

Revenue generated from providing services, calculated over a specific period and reported on the income statement.