The Process of Bringing a Bill to the Point of Enacting

question 34

Essay

The process of bringing a bill to the point of enacting it as legislation is a multistep and often complicated process. Describe how a bill becomes a law. Be sure to discuss the steps taken, the political and partisan activity, the authority of committees, and the compromise involved in the process.

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Definitions:

Cash Dividends

The distribution of profits by a corporation to its shareholders in the form of cash.

Indirect Method

A technique used in cash flow statements to adjust net income for the changes in non-cash accounts to calculate net cash from operating activities.

Operating Activities

Activities directly related to the primary operations of a business, including production, sales, and day-to-day administration.

Accounts Payable

Short-term liabilities a company owes to its suppliers or creditors, usually due within one year.