A Hundred Years Ago, the Majority of Canadians Would Not

question 12

Multiple Choice

A hundred years ago, the majority of Canadians would not live to see age 65; by_________ , wholly a quarter of all Canadians will be over that age, according to projections

• A) 2033
• B) 2051
• C) 2060
• D) 2070
• E) 2083

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Definitions:

Gain

An increase in wealth, assets, or profits, often realized from investments or other financial transactions.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.

Investing Activity

A category in the cash flow statement that shows how much money has been spent on or gained from investment operations, excluding amounts related to day-to-day operations.

Indirect Method

A method for preparing the cash flow statement where net income is adjusted for non-cash transactions, deferred income, and changes in working capital to compute net cash from operating activities.