Although NAFTA Was Signed in 1992, It Did Not Go

question 188

Multiple Choice

Although NAFTA was signed in 1992, it did not go into effect until:

• A) 1993
• B) 1994
• C) 1998
• D) 2000
• E) 2010

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Definitions:

Ledger

A book or collection of financial accounts.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in order to verify that debits equal credits.

Prepaid Expenses

Upfront costs incurred for items or services that are to be obtained in the upcoming time.

Accrued Expenses

Expenses that have been incurred but not yet paid, representing liabilities on the balance sheet.