A Filibuster Allows Members of the Senate to

question 12

Multiple Choice

A filibuster allows members of the Senate to

• A)refer a bill to multiple committees.
• B)avoid a conference committee.
• C)prevent a vote on a bill by speaking continuously on the floor.
• D)add amendments to any bill at any time.

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Definitions:

GAAP

A body of accounting and financial reporting standards and rules widely adopted, defined as Generally Accepted Accounting Principles.

Revenue Recognition

The accounting principle that revenue should be reported at the time goods are sold or services are rendered, regardless of when the payment is received.

Expense Recognition

The accounting principle that matches incurred expenses to the revenue they generate, recognizing expenses in the same period as the related revenues.

Revenue Recognition Principle

The accounting principle that revenue should be recorded when earned, regardless of when payment is received.