Which Amendment or Set of Amendments Contained in the Bill

question 21

Multiple Choice

Which amendment or set of amendments contained in the Bill of Rights specifically places limits on the powers of Congress?

• A)First
• B)Ninth and Tenth
• C)Second,Third,and Fourth
• D)Fifth,Sixth,Seventh,and Eighth
• E)none of the first 10 amendments

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Definitions:

Asset Account

An account recorded on the balance sheet that represents items of value owned by a company, such as cash, inventory, buildings, and equipment.

Straight-line Method

A method of calculating depreciation by uniformly distributing the cost of an asset minus its salvage value over its useful life.

Gain on Sale

The financial benefit that occurs when the selling price of an asset exceeds its original purchase price.

Loss on Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the books, resulting in a financial loss.