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Directions: Use Your Knowledge of the Reading-Writing Process to Answer

question 78

Multiple Choice

Directions: Use your knowledge of the reading-writing process to answer these questions about the following passage . "To look at my roommate and me, you'd think we have nothing in common. First of all, we look like complete opposites. Janice is tall, with long blonde hair and blue eyes, while I'm short, with black curly hair and brown eyes. Janice loves wearing her basketball T-shirt from her Indiana State Championship team. I prefer dressing in my cross-country gear. We're also from completely different places. I'm a city girl, born and raised on the south side of Chicago, right in the heart of Barack Obama country. Janice grew up on a farm in a sea of corn, near South Bend, Indiana. So why do Janice and I get along so well? Some might think it is our interest in sports, but that's only part of it. When we first moved in together, I turned on some hip-hop, and Janice started popping and locking. She was good! So I showed her some of my moves, and even tried the techno music she likes. Before you know it, we came to be the best of friends, going to parties and dances together and having a blast."

In the reading passage, popping and locking are:

Definitions:

Diluted Earnings

Earnings per share calculated under the assumption that all convertible securities have been converted into common stock, providing a "worst case" scenario perspective on earnings per share.

Ownership Perspective

An approach or mindset focusing on the long-term benefits and responsibilities of owning an asset or investment.

GAAP

Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures from which financial statements are prepared in the United States.

Cumulative

Pertaining to an aggregate or total amount added up over time, often used in context with dividends that are accumulated if not paid out.