The 2000 U

question 88

Multiple Choice

The 2000 U.S. Census was the first time Americans could identify themselves as

• A) homosexual.
• B) having more than one race or ethnicity.
• C) having a certain social class.
• D) being a minority.

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Definitions:

Unit Trusts

Investment funds that allow investors to pool their money together in a single fund, which is managed by a fund manager.

Held for Sale

A classification for assets or disposal groups that are immediately available for sale in their current condition and for which sale is highly probable.

Control Test

A criterion used to determine whether an entity has control over another entity, which could influence consolidation decisions.

Asset Recognition

The criteria and process for including items as assets in the financial statements.