What Phase of the Moon Must It Be to Have

question 26

Multiple Choice

What phase of the Moon must it be to have a lunar eclipse?

• A) full moon
• B) new moon
• C) first quarter
• D) third quarter
• E) it can be any phase as long as the orbits are lined up

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Definitions:

Income Summary

An account used in the closing process that summarizes the revenue and expenses of an accounting period to determine the net income or loss.

Capital Account

An account showing the net worth of a business at a specific point, calculated as assets minus liabilities and preferred stock.

Revenues

The total income generated from normal business operations, often from the sale of goods and services.

Expenses

Expenses that a company incurs while generating income.