All of the Following Are True of the Head Start

question 43

Multiple Choice

All of the following are true of the Head Start program EXCEPT that it

• A)began as part of Lyndon Johnson's Great Society program in the 1960s.
• B)has helped disadvantaged children develop their learning skills.
• C)has been weakened by children's unsupportive environments at home.
• D)is fully funded at the present time.
• E)is designed to assist preschool children.

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Definitions:

Credit Balance

A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, preparing the books for the next period.

Temporary Accounts

Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.

Post-Closing Trial Balance

A listing of all accounts and their balances after the closing entries are made, ensuring debits equal credits.