Scott and Mark, College Students, Routinely Have Five or Six

question 2

Multiple Choice

Scott and Mark, college students, routinely have five or six drinks when they go out. Although they are not in the majority, a 2014 survey found that _____ of U.S. college students reported having five or more drinks in a row at least once in a two-week span.

• A) 15%
• B) 25%
• C) 35%
• D) 45%

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Definitions:

Uncertainty

A situation in which the outcome or consequence is unknown or unpredictable.

Cash Flows

This term denotes the total amount of money being transferred into and out of a business, especially affecting the company's liquidity.

Fundamental Qualitative Characteristics

The primary attributes that make the information provided in financial statements useful to users.

FASB Conceptual Framework

A foundational set of objectives and concepts that guide the Financial Accounting Standards Board in developing accounting standards.