Identify the Type of Accounts That Would Appear on a Firm's

question 80

Multiple Choice

Identify the type of accounts that would appear on a firm's income statement

• A) assets and liabilities.
• B) revenues and expenses.
• C) assets and revenues.
• D) liabilities and expenses.

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Definitions:

Digestive System

Organ system that consists of digestive organs (stomach, intestines, etc.) and accessory organs (liver, etc.); ingests and digests food; absorbs nutrients and eliminates wastes.

Photosynthesis

A biochemical process in green plants and certain other organisms that converts light energy into chemical energy, using carbon dioxide and water to produce glucose and oxygen.

By-product

A secondary product generated as a result of a manufacturing process, chemical reaction, or biological pathway, which was not the primary product or goal.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how energy affects matter.