Net income: a. Occurs when revenues exceed expenses.b. Is the same as revenue.c. Equals resources owned or controlled by a company.d. Occurs when expenses exceed assets.e. Represents assets taken from a company for an owner’s personal use. The correct answer and explanation is : The correct answer is: a. Occurs when revenues exceed expenses. Explanation: […]

Which government entity can elect to deal directly with the Federal Government for federal disaster assistance? A. State-level senators and congressmen B. Local government C. Tribal government D. Private sector The correct answer and explanation is : The correct answer is C. Tribal government. Explanation: Under the federal disaster assistance system, tribal governments are recognized

The combining form or term that literally means “internal organs” is: A viscer/o- B chole/docho- C cardi/o- D an/cone- The correct answer and explanation is : The correct answer is A: viscer/o-. Explanation:The combining form or term that literally means “internal organs” is viscer/o-. This term is derived from the Latin word “viscera,” which refers

Complimentary or alternative medicine is now referred to as: A Integrated Medicine B Professional Medicine C Co-operative Medicine D Ancient Medicine The correct answer and explanation is : The correct answer is A: Integrated Medicine. Explanation:Complementary and alternative medicine (CAM) refers to practices that are used alongside or instead of conventional medical treatments. These approaches

Translation converts the information stored in _ to _. A. DNA . . . a polypeptideB. RNA . . . a polypeptideC. DNA . . . RNAD. protein . . . DNAE. RNA . . . DNA The correct answer and explanation is : The correct answer is B. RNA . . . a polypeptide.

The explanation for refraction must involve a change in Warm air you A. speed.B. frequency.C. wavelength.D. all of these. The correct answer and explanation is : The correct answer is C. wavelength. Explanation: Refraction is the bending of light as it passes from one medium into another with a different density. In the context of

The principle that requires every business to be accounted for separately and distinctly from its owner or owners is known as the: a. Objectivity principle.b. Business entity principle.c. Going-concern principle.d. Revenue recognition principle.e. Cost principle. The correct answer and explanation is : The correct answer is: b. Business entity principle. Explanation: The business entity principle

The financial statement that shows the beginning balance of owner’s equity; the changes in equity that resulted from new investments by the owner, net income (or net loss), and withdrawals; and the ending balance, is the: a. Statement of financial position.b. Statement of cash flows.c. Balance sheet.d. Income statement.e. Statement of owner’s equity. The correct

Ethics: a. Are beliefs that separate right from wrong.b. And law often coincide.c. Help to prevent conflicts of interest.d. Are critical in accounting.e. All of the above. The correct answer and explanation is : The correct answer is e. All of the above. Explanation: Ethics, in a general sense, refers to a set of moral

The accounting principle that requires accounting information to be based on actual cost and requires assets and services to be recorded initially at the cash or cash-equivalent amount given in exchange, is the: a. Accounting equation.b. Cost principle.c. Going-concern principle.d. Realization principle.e. Business entity principle. The correct answer and explanation is : The correct answer