Which of the Following Statistics Is NOT True Regarding Homelessness

question 24

Multiple Choice

Which of the following statistics is NOT true regarding homelessness?

• A)10% of homeless adults are estimated to have a serious mental illness,although the types of disorders have changed over time.
• B)40% of the nation's homeless are families with children.
• C)27% of service users who were homeless did not use shelters.
• D)None of the above

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Definitions:

End-Of-Period Net Income

The net income calculated at the end of an accounting period, reflecting the total earnings after accounting for all expenses and revenues.

Accounting Recognition

This refers to the process of recording financial transactions in the financial statements according to accepted accounting principles.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Direct Method

A way to present the cash flow statement where actual cash flows from operating activities are listed directly.