Who Is Next in the Line of Succession If the President

question 6

Multiple Choice

Who is next in the line of succession if the president becomes incapacitated and cannot perform the duties of the office?

• A) the first lady
• B) the vice president
• C) the Speaker of the House
• D) the Senate majority leader

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Definitions:

Net Income

The residual income of a company after total revenue has been diminished by all costs and taxes.

Cash Flows

The net amount of cash being transferred into and out of a business, especially considered important for assessing liquidity, flexibility, and overall financial health.

Indirect Method

An approach to preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash from operating activities.

Operating Activities

The section of a business's cash flow statement that accounts for its core business operations' cash inflows and outflows, involving receipts from sales, payments to suppliers, and payroll.