Which of the Following Best Describes What Is Allowed as a Result

question 41

Multiple Choice

Which of the following best describes what is allowed as a result of the 2010 Supreme Court decision in Citizens United v. FEC?

• A) Corporations, unions, and individuals can donate unlimited funds to presidential campaigns.
• B) Corporations, unions, and individuals can donate unlimited funds to entities that are "independent" of the candidates.
• C) Corporations, unions, and individuals can donate unlimited funds to political parties.
• D) Political parties can create special funds from federal monies to donate to candidates.
• E) Corporations, unions, and individuals can donate unlimited funds to presidential campaigns, as well as to entities that are "independent" of the candidates.

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Definitions:

Bargain Purchase

A transaction in which a company acquires assets or another company for a price significantly below the fair market value of the assets.

Acquisition Transaction

A business deal in which one company purchases another company to expand its operations or enter new markets.

Recording

The act of documenting financial transactions in the accounting records of an organization, following principles of bookkeeping.

Consolidation Entry S

A journal entry that combines the financial statements of a parent company with its subsidiaries to present as a single entity.