Check your understanding of the word “policy" and other key words from this lesson. Match each word to the phrase that best defines it.
policy
to promise and deliver a future result
guarantee
the personal rights of a citizen to be
treated fairly under the law
civil rights
a government in which the structure is
set in a written constitution
constitutional democracy
a plan of action taken by a government
to achieve a goal

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

What is the cause of smoky exhaust?