Under the Articles of Confederation,what Could States Do

question 5

Multiple Choice

Under the Articles of Confederation,what could states do?

• A) wage war and negotiate peace on behalf of the U.S. government
• B) erect trade barriers to protect themselves from competition from other states
• C) pass an amendment to the Articles without the consent of the other states
• D) impose taxes on the Confederation Congress to support state governments

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Definitions:

Capital Expenditures

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Operating Expenses

The ongoing costs for running a business that are not directly tied to the production of goods or services, such as rent, utilities, and salaries.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions, deferrals, and accruals to calculate cash flow from operating activities.

Sale of Equipment

a transaction where a business disposes of machinery or equipment, typically recorded as an incoming cash flow or gain/loss in financial statements.