Which Amendment Stipulates "The Powers Not Delegated to the United

question 54

Multiple Choice

Which amendment stipulates "the powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people"?

• A)First
• B)Fourth
• C)Eighth
• D)Tenth

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, ultimately resetting the temporary accounts for the new fiscal period.

Post-closing Trial Balance

A statement created after closing entries are made, listing all active accounts and their balances to ensure debits equal credits.

Asset Accounts

Accounts that represent tangible and intangible items of value owned by a business, which can include cash, receivables, inventory, equipment, and intellectual property.

Liability Accounts

Accounts on a balance sheet that represent obligations or debts of a company that are expected to be paid in the future.