Which of the Following Is NOT True Regarding the Tenth

question 32

Multiple Choice

Which of the following is NOT true regarding the Tenth Amendment to the Constitution?

• A)It specifically limits the powers of national government vis­à­vis the states.
• B)It is also known as the reserve clause.
• C)The founders intended for substantive issues not mentioned in the Constitution (like education,public health,and the environment)to be left to the states.
• D)Because of the Tenth Amendment,states are not constituent parts that retain their autonomy from the central government.

---

Definitions:

Disclosure in Notes

Providing additional information and context to items in the financial statements within the notes section, aiding in transparency and understanding.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board for global use.

U.S.GAAP

Refers to the Generally Accepted Accounting Principles in the United States, which are a set of rules and standards used for accounting and financial reporting.

Revenue Recognition

Accounting principle determining when and how revenue is recognized and recorded, ensuring it reflects the actual earnings process.