In University of California Regents V

question 5

Multiple Choice

In University of California Regents v.Bakke (1978) , the Supreme Court ruled what unconstitutional?

• A)Creating quotas
• B)Admitting students based on sexual orientation
• C)Only admitting students in the top 10% of their class
• D)Requiring SAT scores for admission
• E)Taking race into account when admitting students

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Definitions:

General Journal

A basic accounting ledger where all types of transactions are initially recorded, using a double-entry bookkeeping system, before being posted to specific accounts in the general ledger.

Sales Journal

A specialized accounting journal used to record all sales of merchandise on credit.

Accrual Basis

A financial recording technique that documents incomes and expenses as they are incurred or earned, without taking into account the timing of cash transactions.

Cash Basis

An accounting method wherein revenues and expenses are recorded when they are actually received or paid, rather than when they are incurred.