A Person Has Not Had a Job in Four Years

question 31

Multiple Choice

A person has not had a job in four years.The person should

• A)Write N/A in the blanks for those four years
• B)Give information regarding the employment gap on the application stating the reason
• C)Do nothing; the interviewer will ask if they desire to know
• D)Write employed

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Definitions:

Accumulated Depreciation

This accounts for the total depreciation expenses charged against a fixed asset since it was put into use, reflecting the decrease in value of the asset.

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period, determining the net income or loss.

Owner's Drawings

Withdrawals made by the owner of a business from the company's funds for personal use.

Owner's Equity Accounts

Accounts reflecting the owner's investment in the business plus any profits retained in the business, minus any withdrawals made.