What Happens When Congress Adjourns Sine Die

question 12

Multiple Choice

What happens when Congress adjourns sine die?

• A) It adjourns until the next congress
• B) All remaining bills in committees are discharged to the floor and voted on in rapid succession
• C) Any bill not signed into law dies and must be reintroduced in the next congress
• D) Both a and c

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Definitions:

Generally Accepted Accounting Principles

A standard framework of guidelines for financial accounting that includes the details, complexities, and legalities of business and corporate accounting.

Audit

An evaluation, typically by an independent entity, to ensure that an organization's financial records and statements are accurate and in accordance with laws and regulations.

Financial Statements

Compiled documents that present an organization’s financial activity and condition, typically including the balance sheet, income statement, and statement of cash flows.

Independent Auditors

Professional auditors who are not employees of the company being audited and provide an unbiased opinion on the truth and fairness of a company's financial statements.