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When Authorized by State Constitutions or Acts of State Legislatures

question 37

Multiple Choice

When authorized by state constitutions or acts of state legislatures, cities and many counties may adopt _________ that define certain criminal violations.


Definitions:

Operating Line

A revolving credit facility extended by a bank to a business to fund its day-to-day operations.

Notes Payable

Debt instruments or formal written agreements to pay a specified sum of money at a future date.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Prepaid Property Tax

An expense paid in advance for property taxes, recognized as an asset until the period the tax covers.

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