In Terms of Equity, Existing Farm Policies Tend to Help

question 68

Multiple Choice

In terms of equity, existing farm policies tend to help:

• A) all farmers equally.
• B) none of the farmers.
• C) poor farmers more than wealthy farmers.
• D) wealthy farmers more than poor farmers.

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Definitions:

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.

Consolidated Financial Statements

Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies.

Subsidiary Company

A company that is entirely or majority-owned by another company, referred to as the parent company.