According to Modern Interpretation of the Principle of Eminent Domain,the

question 143

Multiple Choice

According to modern interpretation of the principle of eminent domain,the U.S.Constitution:

• A)prohibits most public agencies from taking property from its citizens
• B)permits most public agencies to take property from private citizens without compensation
• C)requires public agencies to justly compensate for property taken from private citizens
• D)allows state and local governments to seize property for public purposes (with compensation),but not the national government
• E)allows the national government to seize property for public purposes (with compensation),but not the state and local governments

---

Definitions:

Receivables

Funds that are owed to a company by its customers or clients for goods or services already delivered.

Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Control Accounts

General Ledger accounts that summarize the balances of numerous subsidiary accounts, used to consolidate and reconcile details.

Computerized Accounting System

An accounting system that utilizes software to record, store, and process financial transactions and data.