Social Scientists Used to Describe the U

question 79

Multiple Choice

Social scientists used to describe the U.S.as an ethnic melting pot but now describe it as a

• A)ham sandwich.
• B)potato cake.
• C)salad bowl.
• D)fruit cake.
• E)bag of nuts.

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Definitions:

Cash

Money in the form of bills or coins; the most liquid asset available.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, represented as an asset on the balance sheet.

Unearned Revenues

Liabilities recognized when a company receives payment for goods or services yet to be delivered or performed.

Debit

An accounting entry that results in either an increase in assets or expenses or a decrease in liabilities, equity, or income.