When Texas Ratifies an Amendment to the U

question 44

Multiple Choice

When Texas ratifies an amendment to the U.S. Constitution, the legal form in which this is done is a

• A) simple resolution passed by a two-thirds vote in both chambers.
• B) joint resolution requiring a simple majority vote in each body.
• C) joint resolution passed by both houses and a popular referendum.
• D) concurrent resolution passed by a three-fifths vote and signed by the governor.

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Definitions:

Net Sales

The total revenue from sales minus any deductions for returned goods, allowances, and discounts.

Net Income

The remaining earnings of a company after deducting all expenses and taxes from the gross revenues.

Net Income

The total profit of a company after accounting for all costs and expenses, including taxes and operational expenses.

Accrued Revenues

Revenues that have been earned but not yet received in cash or recorded at the statement date.