Devolution Includes __________

question 54

Multiple Choice

Devolution includes __________.

• A) the movement to return social programs to states
• B) the dismantling of social programs like Affirmative Action
• C) the federal government's attempt to redistribute wealth
• D) society becoming more collectivist

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Definitions:

Income Statement

A report detailing a business's income, expenditures, and net earnings or losses for a given time frame.

Adjusted Trial Balance

is a list of all accounts and their balances after making adjustments, used to verify the equality of debits and credits.

Net Income

The income a company retains following the subtraction of all costs and taxes from its total revenue.

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, ending with net income or loss.