Which of the Following Statements Is True of Presidential Succession

question 9

Multiple Choice

Which of the following statements is true of presidential succession in the United States?

• A) The Twenty-second Amendment addresses the question of how the vice president should fill a vacant presidency.
• B) If the president becomes incapable of carrying out necessary duties while in office, the Senate elects a new president from among its members.
• C) In the event of the death or resignation of the president, the president's son or daughter is appointed the next president.
• D) The vice president is in a position to become the nation's chief executive should the president die, be impeached and convicted, or resign the presidential office.
• E) I f the vice president temporarily fills the office of president, a hundred percent vote of both chambers of Congress is required for the vice president to remain acting president.

Analyze and adjust financial statements for intercompany transactions.

Determine the impact of subsidiary transactions on the non-controlling interest.

Calculate the amount of goodwill arising from a business combination.

Understand and apply the concept of fair value adjustments for acquired assets and liabilities.

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Definitions:

Internal Rate Of Return

A financial metric used to estimate the profitability of potential investments by calculating the discount rate that makes the net present value of all cash flows equal to zero.

Discounted Cash Flow

A financial analysis technique that estimates the value of an investment based on its expected future cash flows, discounted back to their present value.

Future Cash Flows

Estimated monetary gains or expenditures that a company expects to receive or pay out in the future.