Though a Large Majority of Americans Identify with One of the Two

question 19

True/False

Though a large majority of Americans identify with one of the two major parties,party polarization is increasing.

---

Definitions:

Transactions

Economic events that require recording in the financial statements because they affect assets, liabilities, or equity.

Normal Balance

The side (debit or credit) of an account that is increased, reflecting the account's natural balance.

Asset Account

An account that records the value of assets owned by a company, such as cash, inventory, and equipment.

Financial Statement

A record that details the financial activities and conditions of a business or individual, commonly including the balance sheet, income statement, and cash flow statement.