As a Result of the Great Recession, Job Growth Did

question 9

Multiple Choice

As a result of the Great Recession, job growth did not resume until

• A)September 2008.
• B)March 2009.
• C)September 2009.
• D)March 2010.

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Definitions:

Accrued Expenses

These are expenses that have been incurred but not yet paid for, reflecting costs for goods or services received but for which an invoice has not been received or payment made.

Reported Net Income

The final profit figure disclosed in a company's income statement, after accounting for all revenues, expenses, taxes, and extra-items.

Ending Merchandise Inventory

The total value of a company's merchandise available for sale at the end of an accounting period.

Supplies Expense

Supplies Expense refers to the cost of consumable items used during a reporting period, typically included in the income statement as an operating expense.