Listed Below Are Six Terms Followed by a List of Phrases

question 121

Multiple Choice

Listed below are six terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Receive payment from customers.

• A)Cash inflow from operating activities
• B)Cash outflow from financing activities
• C)Cash outflow from operating activities
• D)Cash inflow from investing activities
• E)Cash inflow from financing activities
• F)Cash outflow from investing activities

Understand the concept of racial and ethnic wealth disparities.

Recognize the impact of institutional racism and historical policies on current socio-economic conditions.

Analyze the stigmatization and misconceptions associated with poverty and racial groups.

Evaluate the effects of government policies and programs on economic inequality.

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Definitions:

Prepaid Insurance

An asset account that reflects insurance payments that are made in advance for future insurance coverage periods.

Retained Earnings

The portion of net income that is not distributed to shareholders but instead reinvested in the business or used to pay off debt.

Insurance Expense

The cost incurred by an entity to obtain insurance coverage, recognized as an expense over the period the insurance provides coverage.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, used to check the balance of debits and credits.