The Equal Rights Amendment

question 81

Multiple Choice

The Equal Rights Amendment:

• A) stated that equality of rights under the law could not be abridged on account of sex.
• B) was revived by second wave feminists and expected to arouse controversy, given its lack of support among a majority of congressional Republicans.
• C) had originally been proposed in 1920 by former suffragists.
• D) A and C
• E) A and B

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Definitions:

Straight-Line Depreciation

A method of calculating the depreciation of an asset, where the cost is evenly distributed over its useful life.

Prior Period Adjustment

A correction of errors in financial statements of previous periods that were not discovered until the current period.

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.