What Does the Free-Exercise Clause of the First Amendment Provide

question 29

Multiple Choice

What does the free-exercise clause of the First Amendment provide?

• A) Government cannot make a law prohibiting choice in relation to religion.
• B) Government cannot make a law establishing a religion.
• C) Government cannot make a law referencing religion in any manner.
• D) Government must establish laws respecting religion in order to prevent disruptive behavior such as terrorism and to allow free-exercise by the majority.
• E) That only religions recognized when the First Amendment was passed are entitled to recognition and protection.

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Definitions:

Temporary Difference

A discrepancy between the tax base of an asset or liability and its carrying amount on the balance sheet that results in taxable or deductible amounts in future years.

Net Operating Loss Carryforward

This is a tax provision that allows a company to apply a tax year's net operating losses to future years' profits in order to lower tax liabilities.

US GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in the financial reporting of companies.

IFRS

International Financial Reporting Standards, a set of accounting principles that provide guidelines for financial reporting and are recognized globally.