Discuss the Acquisition of the Philippines and the American-Filipino War

question 118

Essay

Discuss the acquisition of the Philippines and the American-Filipino War that established U.S. control there.

Understand legal protections for the press and their importance in a democracy.

Examine the role of social media, blogging, and the Internet in political campaigning.

Evaluate the impact and ethics of news reporting in contemporary society.

Understand the influence and implications of the Citizens United v. FEC decision on political campaigns.

---

Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Income Summary

Income summary is an account where revenues and expenses are accumulated to calculate net income or loss for a specific period before transferring to the capital account.

Temporary Account

An account used to accumulate transaction information during a single accounting period, which is then transferred to permanent accounts.