You Record _____ on an Income and Expense Statement

question 35

Multiple Choice

You record _____ on an income and expense statement.

• A) the value of your stock portfolio
• B) your installment loan balance
• C) your checking account balance
• D) your cash on hand
• E) your insurance premiums

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Definitions:

National Recovery Administration

A New Deal agency established in 1933 to combat the Great Depression by setting business codes and labor standards.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Global Phenomenon

A term used to describe trends, movements, or events that extend across borders and cultures, affecting or involving people worldwide.

New Deal

A set of actions including government projects, financial amendments, and regulations put into place by President Franklin D. Roosevelt in the 1930s in the United States, aiming to combat the effects of the Great Depression.