By 2015, the Size of the Elderly Population in the United

question 8

Multiple Choice

By 2015, the size of the elderly population in the United States is expected to reach:

• A)37.8 million.
• B)40.2 million
• C)54.8 million
• D)70.0 million

---

Definitions:

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used, as opposed to the indirect method which adjusts net income for accruals.

Accrued Interest

Interest that has been incurred but not yet paid or received at the end of the accounting period.

Maturity Date

The specified date on which the principal amount of a loan, bond, or other financial instrument is due to be paid in full.

Selling Price

The amount of money for which a product or service is sold to the customer.