The Following Table Contains Statistics for the Country of Caddyville

question 21

Multiple Choice

The following table contains statistics for the country of Caddyville in 2013.

-Refer to the table above.What is the size of the labor force in Caddyville for 2013?

• A) 62,200
• B) 67,000
• C) 74,000
• D) 88,000

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Definitions:

Consolidation

The process of combining financial statements of a parent company with its subsidiaries to present as if the group of companies is a single economic entity.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for a long-term asset since its acquisition.

Consolidation Purposes

The process of combining the financial statements of a parent company and its subsidiaries into one comprehensive financial statement package, to present as if the group were a single entity.

Excess Amortizations

The amount by which amortization expense exceeds the amount necessary to amortize the cost of a tangible or intangible asset over its useful life.