What Are Two Major Categories of Recent U

question 68

Multiple Choice

What are two major categories of recent U.S. immigrants?

• A) male and female
• B) young and middle-aged
• C) very low-skilled and very highly educated and/or skilled
• D) middle-income artisans and performance artists

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Definitions:

Debits

Accounting entries that represent an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credits

Recognition or acknowledgment for something received or accomplished, often used in finance to denote money received or a decrease in liabilities.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which need to be settled over time through the transfer of economic benefits including money, goods, or services.

Common-Size Financial Statement

A financial statement that includes a percentage breakdown of each item.