In 2009, Based on Concepts Similar to Those Used to Estimate

question 467

Multiple Choice

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non- institutionalized population was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about

• A) 64.6% and 8.2%.
• B) 64.6% and 5.3%.
• C) 59.3% and 8.2%.
• D) 59.3% and 5.3%.

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Definitions:

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board (IASB) to guide companies and organizations in preparing financial statements globally.

Direct Method

A cash flow statement presentation that lists major classes of gross cash receipts and payments, giving a clear view of actual cash flows.

Cash Flow Statement

A financial report detailing the combined cash inflows from a company's regular operations and investment income, in addition to the cash outflows for funding business endeavors and investments, all within a designated period.

Deferred Tax Liability

A tax obligation that arises when taxable income and accounting income differ, to be paid in future reporting periods.