When a Large Number of Individual Accounts with a Common

question 126

True/False

When a large number of individual accounts with a common characteristic are grouped together, accounting calls this a controlling account.

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Definitions:

Pervasive-Regulation Exception

An exception in law that applies when a business is heavily regulated by the government, therefore some usual legal protections may not apply to that business in the same way they do others.

Administrative Searches

Searches conducted by officials (e.g., health inspectors, safety regulators) as part of their regulatory duties without the need for a warrant.

Free-Exercise Clause

A clause in the First Amendment of the U.S. Constitution which states that government (state and federal) cannot make a law "prohibiting the free exercise" of religion; has been interpreted as including absolute freedom to believe and freedom to act, which may face state restriction.

First Amendment

A core provision of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.