Which of the Following Statements Is Correct

question 17

Multiple Choice

Which of the following statements is correct?

• A)Prokaryotic cells and eukaryotic cells evolved at about the same time.
• B)Prokaryotic cells evolved a lot earlier (over a billion years)than eukaryotic cells.
• C)Eukaryotic cells evolved a lot earlier (over a billion years)than prokaryotic cells.
• D)Scientists do not have any evidence regarding whether prokaryotic or eukaryotic cells evolved first.

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Definitions:

Income Statement

The income statement, also known as a profit and loss statement, provides a summary of a company's revenues, costs, and expenses incurred during a specific period, illustrating the company's financial performance.

Statement of Retained Earnings

A financial document that summarizes the changes in retained earnings for a specific period, factoring in net income and dividends paid.

Adjusted Trial Balance

A list of all accounts and their final balances after adjusting entries have been made, used to prepare financial statements.

Unadjusted Trial Balance

A financial document listing all the accounts and their balances at a particular date, before any adjustments are made.