Travel Is on the Increase and Expected to Continue to Increase

question 7

Multiple Choice

Travel is on the increase and expected to continue to increase in the coming years due to

• A) longer life span
• B) increased cost of travel
• C) lower incomes
• D) fewer college graduates

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Definitions:

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but kept for reinvestment in the business or to pay off debt.

Bargain Purchase

A situation where an entity acquires another entity's assets for less than their fair market value, often leading to a gain in the acquirer's financial statement.

Investment Account

An account held at a financial institution that is used for the purpose of investing in securities such as stocks, bonds, and mutual funds.

Liabilities

Liabilities are the economic debts or responsibilities that a business has to other entities, which are to be fulfilled over time by transferring economic resources.