What Is Logrolling

question 144

Multiple Choice

What is logrolling?

• A)a situation where a policymaker votes to approve a bill in exchange for favorable votes from his colleagues on other bills
• B)a situation where policymakers transfer resources from those voters who are unlikely to have a huge impact on the political outcome to those who contribute to political campaigns
• C)a situation where a policymaker accepts bribes to prevent proposed legislation from coming to a vote
• D)a situation where a policymaker gets the government to fund a non-essential project benefiting her family members

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Definitions:

Financial Statement

An official document detailing the financial transactions and standing of an entity such as a company, individual, or organization, commonly encompassing a balance sheet, income statement, and statement of cash flows.

Normal Balance

The usual balance of an accounting account, either a debit for assets and expenses or a credit for liabilities, equity, and income.

Account Category

A classification for financial transactions that helps in organizing and reporting them in the financial statements, such as assets, liabilities, equity, revenues, and expenses.

Accounts Receivable Subsidiary Ledger

A detailed record that tracks individual balances owed by customers, supporting the total accounts receivable balance listed on the general ledger.