Which One of the Following Items Below Would Not Affect

question 105

Multiple Choice

Which one of the following items below would not affect the investor's income for the period?

• A) interest received on a temporary investment in bonds
• B) dividends received on a long-term investment in stock where the investor owns 10% of the investee's stock
• C) dividends received on a long-term investment in stock where the investor owns 30% of the investee's stock
• D) interest received on a long-term investment in bonds

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Definitions:

Health Insurance

A type of insurance coverage that pays for an individual's medical and surgical expenses or reimburses them for expenses incurred from illness or injury.

Congress

The bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives.

Social Security Act

Enacted in 1935, this key piece of legislation in the United States established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, and aid for dependent mothers and children, the blind, and the physically handicapped.

Unemployment Insurance

A government program that provides temporary financial assistance to eligible workers who are unemployed through no fault of their own.