Discouraged Workers Are Defined as Individuals Who Are

question 39

Multiple Choice

Discouraged workers are defined as individuals who are

• A) not working but are willing to work and who have looked for a job in the past 12 months but have not sought employment in the past four weeks.
• B) not working and have looked for a job in the past four weeks.
• C) working part-time but would rather be working full-time.
• D) working full-time for wages lower than they want to work for.
• E) not working because of a disability or child care issues.

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Definitions:

Deferred Revenues

Income received by a company for goods or services not yet delivered or rendered, recorded as a liability on the balance sheet until earned.

Adjusting Entry

At the close of an accounting cycle, adjusting entries are recorded in the journal to apportion revenues and expenses to the time frame in which they were truly incurred.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded so far for an asset, reducing its book value on the balance sheet.