Why Are There Currently 435 Members in the House of Representatives

question 18

Multiple Choice

Why are there currently 435 members in the House of Representatives?

• A) The Constitution requires a specific ratio of representatives to constituents.
• B) The Constitution stipulates exactly 435 members.
• C) The number has grown each decade, according to census data.
• D) The number is fixed by statute.

Recognize and measure the impairment of an investment and its subsequent recovery under IFRS.

Understand the distinction between investments accounted for using the equity method and those accounted under FVTPL and FVTOCI.

Apply the cost method for investments without significant influence.

Identify the journal entries for buying, selling, and holding investments under different accounting standards (IFRS, ASPE).

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Definitions:

Par Bond

A bond issued at its face value, where the purchase price is equal to the nominal or face value of the bond.

Market

A venue or system where buyers and sellers engage in the exchange of goods, services, or financial instruments.

Face Value

The nominal or dollar value printed on a bond, bill, or other financial instrument, representing the amount to be repaid at maturity.

Coupon Rate

The annual rate of interest specified on a bond, expressed as a percentage of its face value.