Which Figure Best Describes the Amount Spent in 2016 by the United

question 5

Multiple Choice

Which figure best describes the amount spent in 2016 by the United States on programs administered by the Department of Homeland Security?

• A)$65 billion
• B)$50 million
• C)$45 billion
• D)$61 billion

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Definitions:

Expense Accounts

Accounts used in accounting to track the consumption of economic resources or the incurrence of liabilities in the operation of a company.

Credits

Entries made on the right-hand side of an account, representing gains or increases in liabilities, income, or equity.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account.