Which of the Following Groups Would NOT Be Considered as Part

question 229

Multiple Choice

Which of the following groups would NOT be considered as part of the civilian labor force?

• A) full-time students who are not working or looking for work
• B) those already employed
• C) those who are unemployed
• D) all individuals only working part-time

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Definitions:

Adjusting Entries

The journal entries that bring the accounts up to date at the end of the accounting period.

Credit Balance

A situation in a financial account where the total credits exceed the total debits, often indicating an amount owed to the account holder.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables on the balance sheet to reflect the amount expected not to be collected.

Accounts Receivable-James

An account showing the amount of money owed to a business by a particular customer, James, for products or services that have been delivered or used but not yet paid for.