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Ophelia is the anchor of a political talk show. She has been hosting a miniseries about the corruption in the upper echelons of Congress. In response to these allegations, Congress passed a law against free speech and got Ophelia arrested. However, the Supreme Court ruled against the state saying that the law violated the First Amendment rights. In this scenario, which of the following processes did the Supreme Court use to repeal the law passed by Congress?
Petty Cash Fund
A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.
Journal Entries
Records of financial transactions in the accounting system, where each transaction requires a debit and a credit.
Understated
Describes an item that is reported at a figure less than the actual amount.
Bank Reconciliation
Aligning an organization's bookkeeping figures for a cash account with the related details found on a bank statement.
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