The USCensus Bureau,gross Income Is Referred to as __________

question 45

Multiple Choice

the U.S.Census Bureau,gross income is referred to as __________.

• A) buying power
• B) cash inflow
• C) money income
• D) fiscal power
• E) household income

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with predetermined dividend payments.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are reported.

Income Taxes Payable

This liability account shows the amount of income taxes owed to the government but not yet paid by a company.