Examlex
Jack's by the Tracks has the following partial balance sheet: JACK'S BY THE TRACKS.
Balance Sheet (partial)
What effect will the accumulated other comprehensive income have on comprehensive income?
Preemptive Power
The authority to act before others to prevent an undesirable outcome, often used in legal or military contexts to describe preemptive measures or actions.
Necessary
Something essential or required for a particular purpose or outcome, often in the context of achieving goals or fulfilling conditions.
Proper Clause
The clause in the U.S. Constitution granting Congress the power to make all laws which shall be necessary and proper for carrying into execution its powers.
Elastic Clause
The provision in the U.S. Constitution that grants Congress the power to pass all laws necessary and proper for carrying out its enumerated powers, also known as the Necessary and Proper Clause.
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