The Elements of the Balance Sheet I

question 15

Short Answer

The elements of the balance sheet i.e.assets,liabilities and equity are defined in the _________________ ___________________.

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Definitions:

House Floor

The area of the United States House of Representatives where members meet to discuss, debate, and vote on legislation.

Cloture

Cloture is a legislative procedure used to end a debate and proceed to vote, most notably used in the United States Senate to overcome a filibuster.

Legislation

Laws that have been enacted by a legislature or other governing body, or the process of making or enacting laws.

Senate

One of the two chambers of the United States Congress, it is comprised of representatives from each state who are elected to serve six-year terms.