As of 2012 , There Are 435 Voting Members in the US

question 33

Multiple Choice

As of 2012 , there are 435 voting members in the US House of Representatives. At the opening session of the House, it is customary to have each Representative shake hands once with every other Representative. How many handshakes would this account for in 2012?

• A) 870
• B) 94395
• C) 94830
• D) 189225
• E) None of the above.

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Definitions:

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Temporary Accounts

Accounts that are used to collect balances over a single accounting period, which are then reset by transferring the balance to a permanent account, including revenue, expense, and dividends accounts.

Nominal Accounts

Accounts that are closed at the end of each accounting period, including all income, expense, and withdrawal accounts.

Closing Process

The set of procedures undertaken at the end of an accounting period to prepare accounts for the next period, including closing temporary accounts to the permanent summary account.