The Final State to Ratify the Constitution Was

question 43

Multiple Choice

The final state to ratify the Constitution was

• A) New York.
• B) New Jersey.
• C) New Hampshire.
• D) Rhode Island.
• E) Virginia.

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Definitions:

Warranty Contracts

Agreements that guarantee the repair or replacement of a product within a specified time period if it fails to meet outlined conditions.

Contingent Liability

A potential obligation that may arise in the future, dependent on the occurrence of a specific event.

Financial Statement

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements.

Expense Recognition Principle

An accounting standard that expenses should be recognized in the period in which they are incurred, regardless of when payment is made.