What Was the Contract with America

question 53

Multiple Choice

What was the Contract with America?

• A) A press term for the Clinton reelection strategy.
• B) Clinton's 256-page proposal to overhaul the nation's welfare system.
• C) A 1994 Republican plan to steeply cut federal education, medical, and environmental programs.
• D) A speech delivered by Clinton that promised to continue to work on health care reform.
• E) what Democrats called Bill Clinton's victory in 1992.

---

Definitions:

Fees Earned

Revenue recognized by a company for services it has provided to clients or customers, rather than for the sale of goods.

Supplies Expense

The cost of consumable items used in the operation of a business, recorded as an expense during the period in which they are consumed.

Adjusted Trial Balance

A trial balance that has been adjusted for any journal entries or corrections, ensuring the accuracy of financial statements.

Net Income

Net income of the company, which is what remains after deducting taxes, expenses, and other costs from its total revenue.