One Reason for a Large Increase in the Number of Children

question 107

Multiple Choice

One reason for a large increase in the number of children diagnosed with autism may be:

• A) the criteria for diagnosing autism has changed, making more children qualify as autistic
• B) there is an "epidemic" in that more children are developing autism
• C) more children have better heath care and are getting vaccinations
• D) there has been no increase in the number of children diagnosed with autism

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Definitions:

Current Liabilities

Short-term financial obligations due within one year or within the entity's operating cycle, whichever is longer, necessary for the ongoing operations of the business.

Interest Expense

The charge an entity incurs for using borrowed capital over a set period.

Interest Payable

The amount of interest expense that has accumulated but has not been paid by the end of the accounting period.

360-Day Year

An accounting assumption that a year consists of 360 days, which simplifies interest calculation by assuming each month has 30 days.