Which of the Following Statements Is True

question 53

Multiple Choice

Which of the following statements is true?

• A)Since the Depression, federal funds have flowed northward.
• B)Sunbelt states overall continue to show population inflow.
• C)The population of sunbelt states has declined.
• D)By 2020, over half the U. S. population will be in three sunbelt states.

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Definitions:

Sales

The exchange of a commodity or service for money; the action of selling something.

Variable Costing

A costing method that includes only variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in product costs and treats fixed manufacturing overhead as a period expense.

Generally Accepted Accounting Principles

A set of accounting standards, guidelines, and procedures used in the preparation of financial statements to ensure consistency and transparency.

Stockholders

Individuals or entities that own shares in a corporation, giving them various rights like voting on company matters and receiving dividends.