Which of the Following Is a Positive Aspect of Third

question 29

Multiple Choice

Which of the following is a positive aspect of third parties in California?

• A) Third parties rarely act as spoilers.
• B) Third parties do not draw votes away from the two major parties.
• C) Third parties help focus public attention on important political issues.
• D) Third parties reduce voter turnout in close elections.

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Definitions:

General Ledger

A comprehensive ledger that contains all the financial accounts of a business, recording every transaction that occurs.

Accounts Receivable Subsidiary Ledger

A detailed ledger that tracks individual transactions with customers, supporting the summary balances shown in the main accounts receivable account.

Accounts Payable

Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.

Nominal Accounts

Accounts that are closed at the end of each accounting period; includes revenue, expense, and withdrawal accounts.