Which of the Following Was NOT True of the Defense

question 59

Multiple Choice

Which of the following was NOT true of the Defense of Marriage Act?

• A)It was signed into law by President Bill Clinton in 1996.
• B)It forced states to recognize same-sex marriages performed in other states.
• C)It defined marriage as a legal union between one man and one woman as husband and wife.
• D)Its language was used by many states that also rejected same-sex marriage.

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Definitions:

Sold Goods Awaiting Shipment Inventory

Goods that have been sold but are still in the inventory because they have not yet been shipped to the buyer.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that is used globally for the preparation of public company financial statements.

Inventory Holding Gains

Gains resulting from an increase in the value of inventory that a company holds over a period.

Consignment

The process of placing goods with a third party who has the authority to sell the goods on behalf of the owner, but the ownership of the goods remains with the consignor until sold.