In 2014, Approximately What Percentage of Canadians Over the Age

question 54

Multiple Choice

In 2014, approximately what percentage of Canadians over the age of 12 were at least moderately active?

• A)27
• B)54
• C)65
• D)88

---

Definitions:

Asset Account

An account on a balance sheet that represents a resource controlled by the entity as a result of past transactions and from which future economic benefits are expected.

Adjusting Entries

Entries recorded in accounting logs at the end of a fiscal period for the purpose of allocating earnings and costs to their rightful period.

Note Payable

A written promissory note in which the borrower agrees to pay back a specified sum to the lender at a future date, with interest.

Unearned Fees

Income received by a business for services that have yet to be performed or delivered, considered a liability until the service is completed.