What Happened to Richard Nixon After He Resigned from the Presidency

question 19

Multiple Choice

What happened to Richard Nixon after he resigned from the presidency?

• A) He was convicted of obstruction of justice but received a suspended sentence.
• B) He ran for the Republican nomination for governor of California but was defeated by Ronald Reagan.
• C) He was pardoned by President Ford for any and all crimes committed while in office.
• D) He became the American ambassador to China during the Ford administration.
• E) He taught politics and government at Harvard University.

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The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

Private Enterprises

Businesses which are owned by private individuals or groups, not by the state or public sectors.

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are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP).

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards used in the United States for financial reporting.