Which of the Following Is a Positive Statement

question 328

Multiple Choice

Which of the following is a positive statement?

• A) Increased prison sentences are the best way to reduce the crime rate.
• B) State lotteries are good methods to use for raising revenues.
• C) An increase in gas prices leads people to car pool more.
• D) Inflation is a more serious problem than is deflation.

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Definitions:

Unamortized Discount

The portion of a bond's issue price that is below its face value and has not yet been expensed over the life of the bond.

Straight-Line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Consolidated Statement

A financial document that presents the combined financial position and results of operations for a parent company and its subsidiaries, treating them as a single economic entity.