In Snyder V.Phelps (2011),the Supreme Court Ruled That

question 115

Multiple Choice

In Snyder v.Phelps (2011) ,the Supreme Court ruled that

• A)religious organizations cannot lose their tax exempt status under federal law simply because they organized a protest event at the funeral service of a soldier.
• B)religious organizations must lose their tax exempt status under federal law if they organize protest events at funeral services.
• C)protests during funeral services for military personnel can be prohibited by state governments even if held in a public place.
• D)the First Amendment protects free speech in a public place against emotional distress lawsuits.

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Definitions:

Normal Balance

The side of an account that is usually positive or increased; for assets and expenses, it's the debit side, for liabilities, equity, and revenue, the credit side.

Account

An individual record within a financial system or ledger that tracks the financial transactions of a specific asset, liability, revenue, expense, or equity component.

Normal Balance

The side (debit or credit) on which increases to the account are recorded, consistent with the accounting equation.

Financial Statement

Reports that provide information about a company's financial condition, performance, and cash flows, including the balance sheet, income statement, and statement of cash flows.