Which of the Following Is an Example of a Positive

question 432

Multiple Choice

Which of the following is an example of a positive statement?

• A) We should cut back on our use of carbon-based fuels such as coal and oil.
• B) Every American should have equal access to health care.
• C) The Federal Reserve ought to cut the interest rate.
• D) Increasing the minimum wage results in more unemployment.

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Definitions:

Recording Purchases

The process of documenting transactions related to acquiring goods or services, essential for accurate financial reporting and inventory management.

Cash Discounts

These are deductions allowed by sellers on invoice amounts if the buyer pays promptly within a specified period, serving as an incentive for early payment.

Perpetual Inventory System

An inventory management method where records are continuously updated to reflect buys, sells, and stock levels in real-time.

Gross Method

An accounting practice where discounts for early payment are not considered until they are actually taken by the purchaser.