The Number of U

question 108

Multiple Choice

The number of U.S. workers in unions today is:

• A) higher than it was in the 1950s.
• B) about 21 %of all wage and salary workers.
• C) just under 15 million Americans.
• D) All of these are true.

---

Definitions:

Honoured

In financial terms, referred to a cheque or payment that has been accepted and processed by the bank.

Adjusting Entries

Journal entries made in accounting to update the records for accruals and deferrals that have not been recorded through regular financial transactions.

Calendar-year

A one-year period that starts on January 1 and ends on December 31, used in financial reporting and tax calculations.

Promissory Note

A financial document representing a promise to pay a specified sum of money to the holder at a future date or upon demand.