Which of the Following Problems Is Potentially Posed by an Aging

question 32

Multiple Choice

Which of the following problems is potentially posed by an aging population?

• A)higher taxes
• B)lower deficit
• C)labor surpluses
• D)fewer business opportunities

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Definitions:

Unamortized Patent

The portion of a patent's cost that has not yet been expensed in the income statement over the patent's useful life.

Land Account

An account used in accounting to track the investment in land owned by an entity, including the costs associated with acquiring the land.

Adjustment Necessary

Indicates that changes must be made to financial records or statements to correct inaccuracies or account for new information.

Equipment Account

An account in financial records that tracks the cost and accumulated depreciation of equipment owned by a business.