If the Legislature Is in Session and the Governor Refuses

question 24

Multiple Choice

If the legislature is in session and the governor refuses to sign a bill,

• A)it becomes law in 10 days.
• B)it becomes law in 30 days.
• C)it automatically dies.
• D)all of these choices are true.

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses to show net profit or loss.

Debit Column

The left side of a ledger account where increases in assets and expenses, or decreases in liabilities, equity, and revenues are recorded.

Classified Balance Sheet

A balance sheet that categorizes assets as current assets or plant and equipment and groups liabilities as current or long-term liabilities.

Creditors

Individuals or institutions that lend money or extend credit to others.