How Much Did Policing Costs Increase in Canada Between the Years

question 33

Multiple Choice

How much did policing costs increase in Canada between the years 2002 and 2012?

• A) 14 percent
• B) 24 percent
• C) 34 percent
• D) 44 percent

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Definitions:

Net Income

The amount of profit earned by a business after all expenses and taxes have been subtracted from total revenue.

IFRS

A global set of accounting principles called International Financial Reporting Standards, formulated by the International Accounting Standards Board (IASB) to steer the compilation of financial statements worldwide.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholder equity at a specific point in time.

Statement of Financial Position

Another term for the balance sheet, emphasizing its role in showing the financial status of an entity at a point in time.