Which One of the Following Accurately Describes the Trends in U.S

question 310

Multiple Choice

Which one of the following accurately describes the trends in U.S. labor force participation over the past 50 years?

• A) The labor force participation rate of men has climbed from about 75 percent to 90 percent.
• B) The labor force participation rate of women has climbed from below 40 percent to about 60 percent.
• C) The labor force participation rates for both men and women have declined.
• D) The overall labor force participation rate has held steady at about 85 percent.

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Definitions:

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate, representing its value at issuance.

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible, serving as a contra-asset on the balance sheet.

Bad Debt Expense

An expense reported by businesses to cover accounts receivable that are unlikely to be collected.

Adjusting Entry

Journal entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.