The Table Below Shows the Approximate Value of Canada's Crude

question 83

Multiple Choice

The table below shows the approximate value of Canada's crude oil and natural gas exports over a 5-year period.The amounts shown are billions of dollars.
TABLE 2-7
-Refer to Table 2-7.Assume that 2009 is the base year,with an index number = 100.What is the index number for the value of crude oil exports in 2013?

• A)52.5
• B)52.5%
• C)38.5
• D)90.6
• E)190.6

Recognize the accounting treatment for contingencies, including lawsuits and uncertainties, and their disclosure requirements.

Explain the employer's payroll responsibilities and the significance of accurate payroll recordkeeping.

Calculate the impact of FICA taxes on both employee and employer.

Understand unemployment insurance programs and the taxes associated with them, including FUTA and SUTA.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold, determined by the supply and demand dynamics in the open market.

Common Stock

Shares of ownership in a corporation that entitle the shareholder to vote on corporate matters and receive dividends, subject to the company's profitability.

Short-term Speculation

The practice of buying and selling assets with the intention of making quick profits from short-term fluctuations in price.

Owned Percentage

The proportion of a property or business owned by an individual or entity, typically represented as a percentage.