The U.S. House of Representatives Was Designed to

question 20

Multiple Choice

The U.S. House of Representatives was designed to

• A) ensure minority rights.
• B) ensure majority rule.
• C) be the least democratic chamber of Congress.
• D) protect the rights of citizens who belong to third parties.
• E) check the power of tyrannical state governors.

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Definitions:

Journalize

The process of recording financial transactions in a company's journal, detailing debits and credits for accounting purposes.

Common Stockholders' Equity

The portion of a company's equity that is attributable to common stock owners, calculated as total equity minus preferred stock equity.

Prior Period Adjustments

Corrections made to a company's financial statements for errors or omissions in previously reported periods.

Revaluation Surplus

The increase in value of an asset, reflected in the company's financial statements, from re-assessing its carrying value to a higher current market value.