Which of the Following Statements Is TRUE Regarding the 2011

question 48

Multiple Choice

Which of the following statements is TRUE regarding the 2011 Tohoku earthquake and tsunami?

• A)It devastated eastern sections of Japan.
• B)Some manufacturers around the globe had been relying exclusively on suppliers located in the affected zones.
• C)Japanese-built vehicle outputs for Toyota and Honda were down more than 60% in the month following the disaster.
• D)Manufacturers in several industries worldwide took 6 months or longer before they saw their supply chains working normally again.
• E)All of the above are true.

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Definitions:

Interest Accrual

The recognition of interest earned or payable that has accumulated but not yet been recorded or paid.

Debt Investments

Investments made by purchasing bonds or other debt instruments, with the expectation of earning interest income and the return of principal.

Net Income

The amount of profit left after all operating expenses, taxes, and interest are deducted from total revenue.

Interest Receivable

An asset account on the balance sheet representing the amount of interest income that has been earned but not yet received in cash.