Stimulus Spending in 2009 Was Used for

question 9

Multiple Choice

Stimulus spending in 2009 was used for

• A)building roads and bridges.
• B)providing aid to local and state governments.
• C)making payments to the unemployed.
• D)All of the above are correct.

---

Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period, providing insight into operational efficiency.

Periodic Inventory System

An accounting approach where inventory and cost of goods sold are calculated at set periods, rather than continuously.

Acquisition of Inventory

The process of obtaining goods or materials for sale or use, either through purchase or production.

Purchases Account

A general ledger account in which the purchases of goods intended for resale are recorded.