According to the Text, Between the Years 1998-2012, Labor Unions

question 13

Multiple Choice

According to the text, between the years 1998-2012, labor unions spent $528 million on lobbying. In the same period, the finance, insurance, and real estate sectors alone spent ______________ on lobbying.

• A) $300 million
• B) $492 million
• C) $1 billion
• D) $3.6 billion
• E) $5.2 billion

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Definitions:

Fiscal Year

The annual accounting period adopted by a business.

Other Receivable

Financial claims against other parties excluding customers, typically representing short-term non-trade receivables such as refunds, deposits, or advances.

Notes Receivable

Financial assets representing the right to receive payments from a debtor pursuant to a written promise or agreement.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.