Which of the Following Is an Example of a Bipolar

question 4

Multiple Choice

Which of the following is an example of a bipolar world system?

• A) the Cold War era between the United States and the Soviet Union
• B) the Depression era of the 1930s
• C) the period prior to the Treaty of Westphalia
• D) the period following the collapse of the Soviet Union

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Definitions:

Retained Earnings

The portion of net earnings not paid out as dividends but instead reinvested in the company or used to pay off debt.

Deferred Income Taxes

Taxes applicable on income that is recognized in financial statements in one period but is taxable in another period.

Income Taxes Payable

Income taxes payable is a liability account on a company's balance sheet representing the amount of income taxes that the company owes to the government but has not yet paid.

Discount on Bonds Payable

The difference between the face value of a bond and the lower price at which it is sold, representing additional interest expense to the issuer over the bond's life.