According to 2009 Data on the U

question 77

Multiple Choice

According to 2009 data on the U.S. population, which of the following groups of adults (ages 20 and older) had the highest labor-force participation rate?

• A)white males
• B)white females
• C)black males
• D)black females

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Definitions:

Adjusted Trial Balance

A compilation of all accounts along with their balances, post-adjustment entries, employed during the creation of financial reports.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the company's books for the next period.

End-of-period Spreadsheet

A financial document used to summarize account balances and adjustments at the conclusion of an accounting period before preparing financial statements.

Closing Entries

Entries recorded at the conclusion of a fiscal period to move balances from temporary accounts to permanent ones, thus readying the accounts for the upcoming period.