Which Statement Is False

question 101

Multiple Choice

Which statement is false?

• A)Looking at our trading pattern with Japan,one might reach the conclusion that we were an economic colony of Japan.
• B)Until the 1990s,the United States was the prime exporter of consumer electronics products,such as TVs,cameras and DVD players.
• C)In 1984 U.S.trade deficits first passed the $100 billion mark.
• D)The last year the U.S.ran a trade surplus was 1975.

---

Definitions:

Reporting Period

A specified duration of time for which an organization prepares its financial statements and reports to present its financial performance and position.

Tax Adjustments

Modifications made to financial statements to account for differences between accounting practices and tax regulations.

Bonus Shares

Shares issued to current shareholders at no cost, based on the number of shares that a shareholder owns.

Cash Dividend

A payment of profits by a company to its shareholders, made in cash, as opposed to stock or other forms of payment.