Which of the Following Statements Is False

question 312

Multiple Choice

Which of the following statements is false?

• A) In recent years, the United States has had large annual trade deficits in goods.
• B) The United States imports some of the same categories of goods as it exports.
• C) China has the largest share of world exports.
• D) As a percentage of GDP, U.S. exports are the highest among the industrially advanced nations.

Recognize the components and significance of proper payroll accounting methods.

Identify the types of taxes and deductions involved in calculating net pay.

Comprehend the classification and treatment of current liabilities in financial accounting.

Learn the procedures for issuing, converting, and paying off notes payable and the associated journal entries.