Which of the Following Is a Positive Statement

question 25

Multiple Choice

Which of the following is a positive statement?

• A)The minimum wage should be raised to $7.50.
• B)If the military draft were re-instituted,military salaries would probably fall.
• C)Customers should not be required to show ID to buy alcohol.
• D)Immigration laws are bad for the economy.

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Definitions:

Adjusting Entry

An accounting entry made in the books at the end of an accounting period to allocate income and expenditure to the correct period.

General Ledger

A complete record of all financial transactions over the life of a company, used to compile financial statements.

Accounting Cycle

The complete process of collecting, recording, and processing financial transactions of a company, from when the transactions occur, to their representation in the financial statements.