The Movement in U

question 114

Multiple Choice

The movement in U.S.population from the farms to urban areas was caused primarily by

• A)each member of a farm family specializing in a particular set of tasks
• B)a sharp increase in farm productivity
• C)a decline in the demand for labor in urban areas
• D)a sharp decline in the demand for agricultural products
• E)increased education among married women

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Definitions:

Allowance Method

An accounting technique used to estimate bad debts (uncollectible accounts receivable) and represent them in financial statements.

Industry Average

A benchmark or standard calculated by taking the average of a specific metric across multiple companies within the same industry, useful for comparative analysis.

Adjusting Entry

An accounting record made to update the balances of accounts at the end of an accounting period before the preparation of financial statements.

Sales

Transactions involving the transfer of goods or services from a seller to a buyer in exchange for money or other considerations.