Which Is the Most Accurate Statement About the Personal Responsibility

question 91

Multiple Choice

Which is the most accurate statement about the Personal Responsibility and Work Opportunity Act of 1996?

• A)The decline in the welfare rolls sine the mid-to-late 1990s was due entirely to this law.
• B)This law was directly responsible for throwing millions of the poor out on the street.
• C)The law validated President Clinton's promise "to put an end to welfare as we know it."
• D)The law had very little success in removing people from the welfare rolls.

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Definitions:

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for changes in balance sheet accounts to calculate operating cash flow.

Operating Activities

Cash flow actions related to the day-to-day operations of a business, such as receiving cash from customers and paying suppliers.

Direct Method

An allocation method that directly assigns service department costs to producing departments without any intermediate allocations.

Direct Method

A way of preparing a cash flow statement where actual cash flows from operating activities are reported instead of adjusting net income for non-cash items.