What Factors Help Explain the Difference Between Black and White

question 62

Multiple Choice

What factors help explain the difference between Black and White students on standardized tests?

• A)White students are genetically better prepared for school achievement than Blacks.
• B)White students' families are generally better-educated.
• C)More money per student)is spent on educating White than Black students.
• D)B and C
• E)All of the above

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Definitions:

Accrual Accounting

An accounting method where transactions are recorded when they are earned or incurred, not necessarily when cash changes hands, providing a more accurate financial picture.

Expense Recognition

A principle in accounting that dictates when costs are recognized as expenses in the financial statements, often aligned with the revenue they helped to generate.

Cash Basis

An accounting method where revenues and expenses are recorded when cash is received or paid, not when the obligation is incurred.

Comparability

An accounting principle that ensures financial statements can be compared between periods and across companies.