The Labour-Force Participation Rate Is the Percentage of The

question 91

Multiple Choice

The labour-force participation rate is the percentage of the:

• A)adult population that is employed.
• B)adult population that is in the labour force.
• C)labour force that is employed.
• D)labour force that is unemployed.

Differentiate between private and public accountants.

Understand the difference between internal and external transactions and their recording.

Be familiar with the process of identification and recording in accounting.

Identify internal and external users of accounting data and their needs.

---

Definitions:

FVE Method

Refers to the Fair Value Evaluation method, a technique for assessing an asset's worth at its current market value.

Consolidated Net Income

The total amount of net income earned by a parent company and its subsidiaries, after intercompany transactions have been eliminated.

Equity Method

An accounting technique used by a company to record its investment in another company where it has significant influence but not full control, usually through the ownership of 20-50% of the voting stock.

Investment Revenue

Income earned from various forms of investments like stocks, bonds, and real estate properties.