Generation X Refers to

question 105

Multiple Choice

Generation X refers to

• A)the generation of children born between 1946 and 1964.
• B)the generation of children born between WWI and WWII.
• C)the 15% of the population born between 1965 and 1976, also called the baby bust.
• D)the 72 million Americans born between 1977 and 1994, also called echo boom or boomlets.
• E)the generation of children born at the millennium, also called the unknown generation.

---

Definitions:

Normal Credit Balances

Accounts with a credit balance as expected in the accounting equation; for instance, liabilities, equity, and revenue accounts normally have credit balances.

Revenues

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Net Income

The total profit of a company after all operating expenses, taxes, and interest are deducted from total revenue.

Normal Balance

The side of an account (debit or credit) that increases. For assets and expenses, it's usually the debit side, and for liabilities, equity, and revenue, it's typically the credit side.