In 2000 the Census Bureau Introduced a New Category

question 22

Multiple Choice

In 2000 the Census Bureau introduced a new category:

• A)"multirace."
• B)"non-Hispanic white."
• C)"Asian or Pacific Islander."
• D)"legion."

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Definitions:

Prepaid Insurance

An asset account representing insurance premiums that have been paid in advance and are gradually expensed over the period of coverage.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Adjusting Entry

A journal entry made at the end of an accounting period to record unbilled, uncollected, or unpaid transactions, ensuring the financial statements are accurate.