Which of the Following Is the Most Accurate Statement?​

question 56

Multiple Choice

Which of the following is the most accurate statement?​

• A)​Apes include both the greater apes and also monkeys.
• B)​Humans, monkeys, and apes are primates, but only humans are mammals.
• C)​Apes and humans are primates, but monkeys are not.
• D)​Biologically speaking, humans are apes.

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Definitions:

Vacation Pay

Compensation for employees for time not worked due to vacation, accounted for by employers as a liability until used.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Average Repair Cost

The mean cost incurred for repairing an asset over a certain period, calculated by dividing the total repair costs by the number of repairs.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employees and employers.