During a Formal Rulemaking Process, an Agency May

question 333

Multiple Choice

During a formal rulemaking process, an agency may:

• A) send the proposed rule to the oversight committee in Congress for a vote
• B) send the proposed rule to the U.S. Court of Appeals for review of constitutionality
• C) hold an investigatory hearing that may include witnesses who testify about the rule
• D) all of the other specific choices
• E) none of the other choices

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Definitions:

Straight-Line Amortization

An alternative method of amortizing bond discounts and premiums that allocates an equal dollar amount to each interest period. It is only permitted by GAAP under specific circumstances.

Bond Payable

A long-term liability representing money owed by a company to bondholders, to be repaid at a certain date.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting that is not necessarily aligned with the calendar year.

Assumptions

Fundamental beliefs or statements taken for granted in the planning and decision-making process.