The Antifederalists Argued That the Powers of the National Government

question 17

Multiple Choice

The Antifederalists argued that the powers of the national government should be limited by

• A)providing Congress with a larger grant of powers.
• B)decreasing the powers of the executive branch,especially those of the vice president.
• C)adding a bill of rights to the Constitution.
• D)preventing government from collecting revenue through taxation.

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Definitions:

Partnership Capital

The amount of capital that is contributed by the partners in a partnership firm, representing their ownership interest and basis for sharing profits and losses.

Income-sharing Ratio

A predefined formula used to distribute profits among partners or stakeholders in proportion to their agreed-upon shares.

Bonus Method

An accounting method for handling goodwill or the excess amount paid over the book value in a transaction, often used in partnership accounts.