What Was One Critical Challenge to Writing the Articles of Confederation

question 37

Multiple Choice

What was one critical challenge to writing the Articles of Confederation in 1787?

• A)The creation of a representative government for a large nation with a diverse population
• B)Assigning constitutional powers
• C)Deciding how much power the national government has depending on the "necessary and proper clause"
• D)Establishing major governing institutions

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Definitions:

U.S.GAAP

United States Generally Accepted Accounting Principles, which are the set of accounting standards used for financial reporting in the U.S.

Accrual-Basis

An accounting method that records income and expenses when they are earned or incurred, regardless of when the cash is actually received or paid.

Cash-Basis

An accounting method where revenues and expenses are recorded when they are actually received or paid, not when they are incurred.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.