Which of the Following Is True About the Residents of Squatter

question 49

Multiple Choice

Which of the following is true about the residents of squatter settlements?

• A) Most are employed and hope to get ahead.
• B) Residents live on benefits provided by the state.
• C) The majority are drug addicts or alcoholics.
• D) Only the very poor live there.

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Definitions:

Net Income

The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.

Normal Balance

The side of an account (debit or credit) that increases. For assets and expenses, it's usually the debit side, and for liabilities, equity, and revenue, it's typically the credit side.

Owner's Capital Account

An equity account representing the total investment of the owner in the business, including initial contributions and subsequent earnings, minus any withdrawals.

Asset Account

Accounts used in accounting to track the value of economic resources owned or controlled by an entity which can provide future benefits.