Does a Government Have to Be Democratic to Be Considered

question 31

Essay

Does a government have to be democratic to be considered legitimate? Can a nondemocratic government be just as legitimate? Explain your answer and,in doing so,be sure to define ​legitimacy​ anddemocracy.​

---

Definitions:

Premium on Bonds Payable

Premium on Bonds Payable refers to the amount by which the bond's selling price exceeds its face value or par value.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, represented as an expense on the income statement.

Bonds Before Maturity

The buying or selling of bonds in the financial markets before they have reached their specified maturity date.

Extraordinary Item

A term used in accounting to describe events and transactions that are both unusual and infrequent in nature, significantly affecting a company's financial position.