By the Start of the Twenty-First Century, American Voter Participation

question 31

Multiple Choice

By the start of the twenty-first century, American voter participation rates had:

• A) increased significantly.
• B) declined even further from previous years.
• C) begun to show a slow increase from previous years.
• D) increased, as more voters became concerned about a lack of affordable health care.
• E) increased as more voters became concerned about the state of the economy.

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Definitions:

Reversing Entry

An accounting entry made at the beginning of an accounting period to reverse or cancel out a previous adjusting entry.

Adjusting Entry

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

Net Income

The amount of profit that remains after all operating expenses, interest, taxes, and dividends have been subtracted from total revenues.

End-of-period Spreadsheet

A document or report summarizing the financial status of a company at the end of a fiscal period, including assets, liabilities, and equity.