Of the Tasks Listed Below, an Economics Major Would Be

question 100

Multiple Choice

Of the tasks listed below, an economics major would be best qualified to take a job

• A)analyzing balance sheets.
• B)determining ways of minimizing taxable income.
• C)studying ways of using resources more effectively.
• D)litigating.
• E)determining the amount of tax owed.

---

Definitions:

Cost Method

An accounting method used to record investments in which the investment is recorded at its acquisition cost without recognizing subsequent changes in market value.

Investment Method

A technique for recognizing the investor's share of investee profits and adjusting the carrying amount of the investment accordingly.

Accounting

The systematic process of recording, summarizing, and reporting the financial transactions and positions of a company.

Available-for-sale

This is a classification for investments that a company plans to sell but are not actively traded, with changes in value reported in other comprehensive income.