The Expressed or Enumerated Powers Include the Ability of the Federal

question 53

Multiple Choice

The expressed or enumerated powers include the ability of the federal government to

• A)coin money, set standards for weights and measures, and determine rules for citizenship.
• B)declare war and establish post offices.
• C)increase the number of federal courts.
• D)set up the national central banking system.
• E)coin money, set standards for weights and measures, determine rules for citizenship, and to declare war and establish post offices.

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Definitions:

Financial Accounting

The field of accounting that focuses on recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.

Goodwill

An intangible asset that represents the excess value of a purchased company over the fair value of its identifiable net assets.

Amortize

The gradual reduction of a debt over a period of time through regular payments of principal and interest sufficient to pay off the debt by maturity.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to guide the recording and reporting of financial information.