As of 2014, the World Population Is About ____

question 9

Multiple Choice

As of 2014, the world population is about ____.

• A) 3.0 billion people
• B) 5.0 billion people
• C) 7.0 billion people
• D) 9.0 million people
• E) 10.0 billion people

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Definitions:

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life to reflect its decrease in value over time.

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting standards and procedures that companies must follow when they compile their financial statements.

Accounting Estimate

Approximations or judgments made by management when preparing financial statements, due to uncertainty in determining the exact amounts.

Multiple Periods

Refers to accounting or financial analysis over several time frames, such as quarters or years, to evaluate performance or investments.