In General, How Long Is the Term of Office for State

question 16

Multiple Choice

In general, how long is the term of office for state senators?

• A) two years
• B) three years
• C) four years
• D) five years
• E) six years

---

Definitions:

Bonds Outstanding

The total amount of bonds that have been issued by a corporation or government entity that remain unpaid.

Retirement Entry

An accounting entry that records the removal of fixed assets or inventory from the company's records upon their disposal or sale.

Discount On Bonds Payable

The difference between the face value of a bond and its selling price when a bond is sold for less than its face value.