The Most Appropriate Definition of a Balance Sheet Is That

question 43

Multiple Choice

The most appropriate definition of a balance sheet is that it is a statement that shows

• A)a balance between one's goals and resources available to achieve them.
• B)a realistic balance between income and expenses for an upcoming period.
• C)your wealth (net worth)as of a specific date.
• D)how to balance your financial books of account.

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Definitions:

Civil Rights Legislation

Legislation that outlaws discrimination based on race, color, religion, sex, or national origin, aiming to protect the rights of all citizens to political and social freedom and equality.

Unconstitutional

describes actions, laws, or policies that violate the constitution or are not permissible under the constitution's framework.

Separate-but-equal Doctrine

A legal principle that justified racial segregation, claiming that separate facilities for blacks and whites were constitutional if they were equal in quality; declared unconstitutional by Brown v. Board of Education (1954).

Equal Protection Clause

A provision in the Fourteenth Amendment to the U.S. Constitution prohibiting states from denying any person within its jurisdiction the equal protection of the laws.