Match the Time with the Appropriate Event

question 46

Multiple Choice

Match the time with the appropriate event. (Time periods may be used more than once:
-The American involvement in World War II focused the nation's attention and resources on winning the war and not on passing national health care insurance legislation.

• A)1848
• B)1880s
• C)1900-1917
• D)1917
• E)1920s
• F)1929-1939
• G)1932
• H)1939
• I)1939-1945
• J)1946-1952
• K)1950s
• L)1968-1978
• M)1980-1992
• N)Early 1990s
• O)1996
• P)2010

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Definitions:

Net Credit Sales

The total revenue from sales made on credit minus any returns or allowances, representing the actual amount expected to be collected from customers.

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods to identify trends and changes.

Notes Receivable

Written promise (as evidenced by a formal instrument) for amounts to be received.

Retained Earnings

Net income that the corporation retains for future use.