In 2011,the Largest U.S.in-Kind Transfer Program Was

question 33

Multiple Choice

In 2011,the largest U.S.in-kind transfer program was

• A)Medicare.
• B)Food stamps.
• C)Unemployment insurance.

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Definitions:

Noncurrent Assets

Assets intended for long-term use and not expected to be converted into cash within one year, such as equipment, real estate, and patents.

Direct Method

A cash flow statement reporting approach that lists major outgoing payments and incoming receipts during a period.

Operating Activities

Activities directly related to the primary business operations of a company, including the production, distribution, and sale of goods and services.

Net Income

The total profit of a company after all revenues, expenses, taxes, and dividends have been deducted.