Identify the INCORRECT Observation About Asian Americans

question 26

Multiple Choice

Identify the INCORRECT observation about Asian Americans.

• A) Asian Americans are the largest and fastest-growing ethnic group in the United States.
• B) The number of Asian Americans has more than tripled since 1980.
• C) Asian Americans have the highest median family income of the major ethnic groups.
• D) In 2010 they spent over $500 billion.
• E) Because of their income, a lot of companies are targeting these consumers.

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Definitions:

Salaries Payable

An account recording the amount owed to employees for services rendered but not yet paid.

Weekly Salaries

Weekly salaries are fixed amounts paid to employees on a weekly basis as compensation for their work.

Salary Expense

The cost incurred by an employer for the payment of salaries to employees, considered an operating expense.

Salaries Payable

Liabilities representing the amounts owed to employees for work performed and not yet paid.