Texas ______ Term Limits for the State Legislature

question 55

Multiple Choice

Texas ______ term limits for the state legislature.

• A) has three-year
• B) does not have
• C) voters recently approved
• D) judges oppose

---

Definitions:

Unrealized Gains

Increases in the value of an asset that has not been sold, and therefore, the gains are not yet realized as income.

Statement Of Cash Flows

A financial statement showing the cash inflows and outflows from a company's operating, investing, and financing activities over a period.

Indirect Method

A financial reporting approach used in cash flow statements to reconcile net income with cash flow from operating activities by adjusting for non-cash transactions.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair value of the net identifiable assets.