Which of the Following Statements About the Articles of Confederation

question 49

Multiple Choice

Which of the following statements about the Articles of Confederation is INCORRECT?

• A)The Articles of Confederation included no federal court system.
• B)The Articles of Confederation included a provision for appointing a president.
• C)The Articles of Confederation allowed each state to coin or print its own money.
• D)The Articles of Confederation allowed to states to sign commercial treaties with foreign governments.

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Definitions:

Straight-line

A method of depreciation that allocates an equal expense rate to each year of an asset’s useful life.

Accelerated Methods

Depreciation methods that allocate more depreciation expense to the earlier years of an asset's life.

Depreciation

Strategically spreading out the cost of a tangible asset throughout its period of usefulness.

Accounting Estimate

An approximation of a financial transaction's value when precise measurement is not possible, often used in accrual accounting.