The Ratification of the Constitution Required a Long and Difficult

question 31

Multiple Choice

The ratification of the Constitution required a long and difficult struggle because the

• A)Anti-federalists had set the terms of the political debate.
• B)Federalists could not agree about their program and political strategy.
• C)Constitution spelled the end of the popular democratic experiment of 1776.
• D)Anti-federalists had much better access to newspapers and pamphlets.

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Definitions:

Equity Method

An accounting technique used by companies to assess the profits earned by their investments in other companies, where the investment is recorded initially at cost and adjusted thereafter for the post-acquisition change in the investor's share of the investee's net assets.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Dividends

Cash distributions made to shareholders by a corporation, typically from the company's earnings as profit.

Fair Value Option

An accounting choice giving companies the opportunity to measure financial assets and liabilities at their fair values with changes reflected in the income statement.