All of the Following Are True of the Election of 2012

question 67

Multiple Choice

All of the following are true of the election of 2012 except

• A) Hispanic voters reached a new high as a percentage of the electorate at 10 percent.
• B) President Obama was reelected by a very narrow margin of 1 percent.
• C) Republicans lost seats in Congress.
• D) Republicans retained control of the U.S. House.
• E) President Obama won over 70 percent of Hispanic voters.

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Definitions:

Cash Dividend

It's a payment made by a company out of its profits to shareholders, distributed in cash, based on the number of shares held.

Expense

An outflow of resources or incurrence of liabilities that result from a company's operations, aimed at generating revenue.

Prior Period Adjustment

A correction of errors in financial statements that were made in previous periods, affecting retained earnings on the balance sheet.

Financial Statements

Official records that detail the financial activities and condition of a business, including income statement, balance sheet, and cash flow statement.