Which of the Following Statements Is False

question 71

Multiple Choice

Which of the following statements is false?

• A) The Canadian labour force is becoming more highly educated
• B) The Canadian labour force is shrinking in size.
• C) There is a trend towards earlier retirement by older workers.
• D) Women are more likely than men to work beyond 65 years of age.

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Definitions:

Write-off

An accounting practice where the value of an asset is reduced to zero, reflecting its irrecoverability.

Write-down

An accounting term referring to the reduction in the book value of assets when their fair market value has fallen below the previously recorded cost.

Accounting Systems

Procedures and systems used by a business to keep track of its financial transactions and prepare financial statements.

Double-Entry

An accounting method of recording transactions that provides an equality of debits and credits. Using the double-entry.