Thomas Jefferson Observed That "A Little Rebellion Now and Then

question 42

Essay

Thomas Jefferson observed that "A little rebellion now and then is a good thing....The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Whereas the United States has never had an armed revolution, was Jefferson incorrect about his observation during that time period?

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Definitions:

Comparability

An accounting principle that allows stakeholders to compare financial information across different time periods effectively.

Generally Accepted Accounting Principles

A collection of commonly-followed accounting rules and standards for financial reporting that is adopted by most countries.

ASPE

Accounting Standards for Private Enterprises, which are the accounting standards used by private companies in Canada.

Earnings Per Share

A measure of a company's profitability that calculates how much money shareholders would receive for each share they own if all profits were distributed.