Our Rights Flow from All the Following Sources Except

question 42

Multiple Choice

Our rights flow from all the following sources except:

• A) the Constitution.
• B) federal statutes.
• C) city ordinances.
• D) ethical values.

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Definitions:

Accrued Revenues

Revenues that have been earned (through the delivery of goods or services) but not yet received in cash or recorded.

Goods

Physical items that are produced or purchased for sale by a business.

Deferred Expenses

Costs that have been incurred but not yet expensed in the income statement because they will benefit more than one accounting period.