Regarding the Age Trends in the U

question 174

Multiple Choice

Regarding the age trends in the U. S. population for 2010-2020:

• A) The average age of the U. S. population is increasing.
• B) The number of people in the 45-64 age group is still increasing--although at a slower rate than between 2000-2010.
• C) The number of senior citizens in the over-65 age group is increasing at a greater rate than between 2000-2010.
• D) The oldest "baby boomers" are now reaching retirement age.
• E) All of these statements are correct.

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Definitions:

Income Statement

A financial statement that reports a company's earnings, expenses, and net income over a specific period.

Ending Inventory

Merchandise value ready to be sold at the close of an accounting cycle.

Retained Earnings

The portion of net earnings not distributed as dividends, but retained by the company to be reinvested in its core business or to pay debt.

Accounting Principle

Guidelines and rules that govern the accounting practices and procedures.