-What Conclusion Can Be Made About Modern Constitutions When Comparing

question 26

Multiple Choice

-What conclusion can be made about modern constitutions when comparing them to the state constitutions written in the United States in the years after the American Revolution?

• A) A large number of modern constitutions make the right to own firearms a priority.
• B) Modern constitutions place little emphasis on environmental issues.
• C) Most of the rights protected by modern constitutions deal with social and economic issues.
• D) The right of privacy was a major concern for Americans living in the eighteenth century.

---

Definitions:

Balance Sheet Approach

A method in accounting that focuses on valuing assets and liabilities at their current fair market values.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the appropriate periods.

Allowance for Doubtful Accounts

This is a subsidiary asset account created to approximate the amount of accounts receivable that could potentially be non-collectable.

Bad Debts Expense

An expense account reflecting estimated uncollectible amounts from customers for credit sales made in a specific period.