Which of the Following Is NOT Part of the Formal

question 25

Multiple Choice

Which of the following is NOT part of the formal process for amending the U.S.Constitution?

• A)The House votes to propose an amendment by a two-thirds margin.
• B)The Senate votes to propose an amendment by a two-thirds margin.
• C)The president signs a proposal to amend the Constitution.
• D)Three-fourths of the states ratify the proposed amendment.
• E)A constitutional convention is convened if two-thirds of the states petition Congress for one.

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Definitions:

Prior-Period Adjustment

Corrections of errors made in previously published financial statements, not considered ordinary adjustments.

Net Income

The net income a company earns following the subtraction of all expenses and taxes from its total revenue.

Accounting Methods

Accounting methods are the specific principles and procedures implemented by a business or organization to prepare its financial statements.

Rigid Accounting Rules

Accounting practices that are strictly defined with little to no room for interpretation or flexibility in their application.