According to the Text,what Does Recent Canadian Data on Cultural

question 18

Multiple Choice

According to the text,what does recent Canadian data on cultural diversification show?

• A) There are now more Muslims in Canada than Christians.
• B) More than one-fifth of Canada's population will be nonwhite by 2017.
• C) About 95 percent of Canadian immigrants are from outside Europe and the United States.
• D) About 95 percent of Canadian immigrants are from Europe and the United States.

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Definitions:

Perpetual Inventory System

A perpetual inventory system is a method of tracking inventory in real-time, with continuous updates to inventory records as sales and purchases occur.

Gross Method

An accounting practice where discounts for prompt payment are recorded as reductions of expense if taken.

General Journal Entries

Records of financial transactions not assigned to specific accounts in the general ledger, but recorded in a general journal.

Gross Margin

The difference between revenue and cost of goods sold divided by revenue, expressed as a percentage, indicating the financial health and efficiency of a product or business.