Under the Unamended Constitution of 1787, How Were U

question 126

Multiple Choice

Under the unamended Constitution of 1787, how were U.S. senators selected?

• A)direct elections
• B)state legislatures
• C)the Electoral College
• D)the state delegation to the House of Representatives

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Definitions:

Statement of Owner's Equity

A financial document that summarizes the changes in the equity of a company over a period, including investments, withdrawals, and the net income or loss.

Income Statement

A financial report summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Revenues

Revenue earned by a company primarily through its sales of products and services to buyers, as part of its regular operations.

Owner's Equity

Owner's Equity refers to the owner's rights to the assets of the company after all liabilities have been deducted. It is also known as shareholders' equity or stockholders' equity.