Which of the Following Statements About the United Nations Is

question 218

Multiple Choice

Which of the following statements about the United Nations is true?

• A) It focuses on the development of socialist-type economies.
• B) It possesses its own standing army that is larger than any other except China's.
• C) Its rulings pertaining to nation-states are not legally binding.
• D) It consists of all developed countries except those from the former Soviet bloc.

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Definitions:

Adjusting Entries

Entries made in the books of account to correct or allocate income and expenses to the appropriate accounting period.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's financial condition at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net income.

Accrual

The accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.