What Are the Two Most Important Negative Checks Congress Can

question 93

Multiple Choice

What are the two most important negative checks Congress can exercise over both of the other branches of government?

• A) alteration of their jurisdiction and override a veto
• B) override a veto and impeachment
• C) impeachment and the power of the purse
• D) alteration of their jurisdiction and power of the purse
• E) impeachment and alteration of their jurisdiction

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Definitions:

Acquisition-Date Fair Value

The valuation of an acquired company's assets and liabilities at their fair market value on the acquisition date.

Voting Equity Interests

Shares or stock in a company that grant the holder the right to vote on corporate matters, like electing the board of directors.

Consolidated Financial Statements

Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries into one document, as if the group was a single entity.

Acquisition Method

An accounting procedure used in consolidating the financial statements of a parent company and its subsidiaries, focusing on the fair value of acquired assets and liabilities.