The First Ten Amendments to the U

question 113

Multiple Choice

The first ten amendments to the U.S. Constitution are called

• A) remedies at law.
• B) common law.
• C) civil law.
• D) the bill of rights.

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Definitions:

Contra-Asset

An account that decreases the balance of its associated asset account through a contra entry.

Supplies

Consumable items used in day-to-day operations of a business or office, such as stationery, paper, and cleaning products.

Expenses

Outflows or other uses of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Assets

Resources owned or controlled by a business, considered to have economic value and expected to benefit future operations.