Use the Following Table to Answer the Following Questions

question 51

Multiple Choice

Use the following table to answer the following questions:

-According to the table,the labor force is

• A) 138 million.
• B) 215 million.
• C) 77 million.
• D) 147 million.
• E) 68 million.

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Definitions:

Accrual

Accrual is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash transaction actually takes place.

Adjusting Journal Entry

An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses for the period.

Accrual

The recognition of revenue or expenses that have been earned or incurred but not yet recorded or paid, following the accrual basis of accounting.