A Positive Economic Statement Is

question 59

Multiple Choice

A positive economic statement is:

• A) an opinion of an action that should be taken.
• B) an action that will have a positive effect on the economy.
• C) a statement testable by facts.
• D) a claim that the speaker is positive will occur.
• E) always a microeconomic position.

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Definitions:

Impaired

A term used to describe an asset whose market value has decreased below its book value on the balance sheet.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its tangible and identifiable intangible assets.

Consolidated

Combines the financial statements of the parent company and its subsidiaries into one comprehensive financial statement, presenting the financial performance and position as a single entity.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.