Which Statement Is Most Accurate

question 158

Multiple Choice

Which statement is most accurate?

• A)There is virtually no poverty in the U.S.because the standard of living of all Americans has at least tripled since World War II.
• B)Compared to the average citizens of Bangladesh,Ethiopia,and Zambia,most of our poor would be considered relatively well off.
• C)Most of those living below the poverty line are homeless.
• D)As welfare programs are cut back the poverty rate will decline.

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Definitions:

Dividends Payable

This refers to the amount of declared dividends owed by a company to its shareholders but has not yet been paid out.

Stockholders

Individuals or entities that own shares in a corporation, giving them a partial ownership interest in the company.

Accumulated Depreciation

is the total amount of depreciation expense that has been recorded for a fixed asset since it was put into use.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investment, and financial activities.