________________________ Represent(s)funds Set Aside for Contingencies,such as Legal Action Against

question 66

Multiple Choice

________________________ represent(s) funds set aside for contingencies,such as legal action against the institution or a sinking fund to retire stock or debt in the future.

• A)Undivided profits
• B)Surplus
• C)Preferred stock
• D)Common stock
• E)Equity reserves

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Definitions:

State Law

Legal regulations and statutes enacted by the legislative body of a state, as opposed to federal or local law.

Changing Contracts

Changing Contracts involves modifying the terms and conditions of an existing contract, typically through mutual agreement of the involved parties.

Speech

The verbal expression of thoughts and opinions, often considered a fundamental human right protected in various legal frameworks.

Strict Scrutiny

The highest level of judicial review that courts use to evaluate the constitutionality of governmental laws and actions, requiring a law to be necessary to achieve a compelling governmental interest and narrowly tailored to achieve that interest.