For a Name to Be Placed on the General Election

question 22

Multiple Choice

For a name to be placed on the general election ballot,a candidate must be either a party nominee or an independent and

• A)​have a party platform.
• B)​hold a party convention.
• C)​win 10 percent of any statewide office.
• D)​win 5 percent of any statewide office.

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Definitions:

Contra-Liability

A liability account that is used to reduce the value of a related liability, not commonly used in accounting terminology.

Balance Sheet

A fiscal statement detailing a company's holdings, dues, and the portion owned by shareholders, recorded at a precise time.

Prepaid Rent

An asset account that represents rent payments made in advance of the period to which they relate.

Rent Payment

The amount paid periodically by a tenant to a landlord in exchange for the use of a property, room, or apartment.