Which of the Following Is Not an Example of In-Kind

question 146

Multiple Choice

Which of the following is not an example of in-kind income?

• A)Food stamps.
• B)Unemployment benefits.
• C)Housing assistance.
• D)Subsidized school lunches.

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Definitions:

Cash Dividends

are profit distributions made by a corporation to its stockholders in the form of cash.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period of time.

Cash Basis

An accounting method where revenues and expenses are recognized when cash is received or paid, not when they are incurred.