In the House of Representatives,the Majority Leader

question 25

Multiple Choice

In the House of Representatives,the majority leader

• A) is subordinate to the Speaker of the House.
• B) is the same office as the Speaker of the House.
• C) is superior in formal powers to the Speaker of the House.
• D) has the same powers as the Speaker of the House but is a different office.
• E) There is no majority leader in the House of Representatives.

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Definitions:

Cash Dividends

Cash payouts by a company to its stock owners, regularly as a sharing of profits.

Net Income

The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholders' equity.

Common Stock Dividends Distributable

A liability account representing the amount of dividends declared by a company's board of directors but not yet paid to common shareholders.