The Power to Call for a Double Dissolution in the Event

question 29

Multiple Choice

The power to call for a double dissolution in the event of a deadlocked parliament is given to the Governor-General by:

• A)The Queen of England.
• B)The Prime Minister of Australia.
• C)The High Court of Australia.
• D)Section 57 of the Australian Constitution.

---

Definitions:

Consolidated Balance Sheet

A financial statement that combines the assets, liabilities, and equity of a parent company and its subsidiaries into one document.

Deferred Income Taxes

A liability on the balance sheet that results from differences in the timing of recognition of income and expenses for tax and financial reporting purposes.

Straight Line Amortization

A method of allocating the cost of an intangible asset over its useful life in equal annual installments.

Effective Tax Rate

The actual rate at which an individual or a corporation is taxed, calculated by dividing the total tax paid by the taxable income.