Which One of the Following Is an Example of a Positive

question 310

Multiple Choice

Which one of the following is an example of a positive statement?

• A) Farmers need some type of government aid.
• B) State governments should provide economic assistance to farmers.
• C) The federal government should provide economic assistance to farmers.
• D) The amount of financial assistance given to farmers is higher this year than it was 10 years ago.

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Definitions:

Past Due Time

Past Due Time refers to the period that has elapsed after the official due date of a payment or obligation, signaling a delay in payment.

Collectibility

The likelihood or ability of an entity to collect on its accounts receivable or outstanding debts.

Account

A record in financial accounting that tracks the financial transactions of a specific asset, liability, equity, revenue, or expense.

Aging

A method used in accounting to categorize the amounts owed by customers based on the length of time an invoice has been outstanding.