Which of the following accurately reflects current population trends in the United States?
A. Baby Boomers are now the smallest population group
B. In many parts of the country, multigenerational households are increasingly rare.
C. The populations in the rural regions of the United States are aging.
D. Tweens are now the largest population group.
Answer: C
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Which one of the following is an assumption made in the preparation of financial statements?
a. Financial statements are prepared for a specific entity that is distinct from the entity owners. b. Financial statements are prepared assuming that inflation has a distinct effect on the monetary unit c. Preparation of financial statements for a specific time period assumes that the balance sheet covers a period of time. d. Market values are always assumed to be irrelevant when preparing financial statements.
Presently, most states follow the old Model Business Corporation Act (MBCA) approach, which requires that shares be issued only for money, tangible or intangible property, and services already performed for the corporation.
Answer the following statement true (T) or false (F)
We call the kinds of page layout choices we make about margins, headers, and fonts, the document's __________________
a. design b. style c. organization d. appeal
Herndon Brothers Inc produces a variety of "all natural" household cleaning supplies that it manufactures and distributes to various grocery stores along the west coast. Which of the following types of costs would most likely be a facility-level cost?
A) A package product design cost for a new product line B) A machine setup cost C) Depreciation on the factory building D) Utility costs for factory machinery