The Moral Majority

question 102

Multiple Choice

The Moral Majority:

• A) favored abortion rights.
• B) feared family values were being undermined.
• C) focused on taxes and the federal debt.
• D) wanted divorces to be easier to obtain.
• E) favored decreasing military spending.

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Definitions:

Note Payable

A promissory note from the maker’s point of view.

Interest Accrued

The accumulation of interest on a loan or bond that has been earned but not yet paid.

Periodic Inventory Method

An inventory accounting method where physical counts are used to determine the cost of goods sold and ending inventory at specific intervals.

Petty Cash

A small amount of cash on hand used for covering minor expenses in an organization.