Which of the Following Is True of Franklin Roosevelt's New

question 11

Multiple Choice

Which of the following is true of Franklin Roosevelt's New Deal legislation?

• A)It grew out of the desire to solve the issues created by apartheid in the United States.
• B)It involved many government spending and public-assistance programs.
• C)It ushered in an era of competitive federalism where the states competed for businesses and citizens.
• D)It gave states more discretion and let them function as separate units from the national units.
• E)It marked the beginning of an era of state supremacy in which the states decided the powers of the federal government.

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Definitions:

AASB 136

The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.

Impairment

The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.

Issued Capital

The total value of a company's shares that have been issued to shareholders, representing the equity funding provided by shareholders.