Some Justices, Like __________ (One of Six Jewish Justices) and __________

question 65

Multiple Choice

Some justices, like __________ (one of six Jewish justices) and __________ (the first black justice) , were active in reform and civil rights causes and brought their liberalism to the bench.

• A)Ruth Ginsberg; Earl Warren
• B)Owen Roberts; Hugo Black
• C)Arthur Goldberg; Clarence Thomas
• D)Louis Brandeis; Thurgood Marshall

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Definitions:

Accrual

The accounting principle of recording revenues and expenses when they are incurred, regardless of when cash transactions occur.

Contra Asset

A balance sheet account used to reduce the value of related asset accounts to report their net value; examples include accumulated depreciation or allowance for doubtful accounts.

Prepayment

Payments made in advance for goods or services, recorded as an asset on the balance sheet until the corresponding goods or services are received.

Adjusting Entries

At the end of a financial period, entries are made in the books to correctly allocate profits and outlays to the period they belong to.