Which of the Following Is a Positive Statement

question 146

Multiple Choice

Which of the following is a positive statement?

• A) Our planet is warming because of an increased carbon dioxide buildup in the atmosphere.
• B) A minimum wage of $7.50 per hour is a shame for a rich country like the United States.
• C) Both of these statements are positive.
• D) Neither of these statements is positive.

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Definitions:

Owned Subsidiary

A company whose majority of shares is held by another company, making it controlled by the parent company.

Intra-entity Gross Profit

Profits arising from transactions within the same entity, requiring elimination during the consolidation process to avoid overstatement of revenues.

Consolidation Process

The method by which a parent company combines its financial statements with those of its subsidiaries to produce a single set of financial statements representing the entire group of companies.

Voting Common Stock

Shares that grant the shareholder the right to vote on corporate policies and board elections.