Which of the Following Is NOT a Positive Statement

question 27

Multiple Choice

Which of the following is NOT a positive statement?

• A) The unemployment rate is 5.8 percent.
• B) The inflation rate for 2002 was 2.3 percent.
• C) The national debt is too high.
• D) The federal government budget for 2004 is $2.2 trillion.

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Definitions:

Estimated Residual Value

The anticipated value of an asset at the end of its useful life.

Computer Costing

Computer costing involves the use of software and systems to calculate the expenses involved in producing a product or delivering a service.

Office Equipment

Office equipment refers to the fixed assets used for administrative, office-based tasks, including computers, printers, and furniture.

Accounts Payable

A liability on a company's balance sheet that represents the amounts due to suppliers by the business.