Over the Next Few Years, Employers May Face a Severe

question 32

Multiple Choice

Over the next few years, employers may face a severe labor shortage because .

• A)one-third of single mothers are not in the labor force
• B)there are fewer people entering the job market than there are retiring baby boomers
• C)people are living longer
• D)Hispanics will represent 11% of the civilian labor force
• E)all of the above

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Definitions:

Accrued Fees

Fees that have been incurred but not yet paid, recognized in the financial statements according to the accrual basis of accounting.

Dividends Paid

The portion of a company's earnings distributed to its shareholders as a return on their investment.

Consolidation Adjustments

Journal entries made to eliminate the effects of intercompany transactions when preparing consolidated financial statements.

Temporary Differences

These are differences between the book value of assets and liabilities and their tax values that will result in taxable or deductible amounts in the future.