Identify the Characteristics of a Liquid

question 112

Multiple Choice

Identify the characteristics of a liquid.

• A) indefinite shape and volume
• B) indefinite shape, but definite volume
• C) definite shape and volume
• D) definite shape and indefinite volume

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, reducing the amount of outstanding stock on the company’s shareholders’ equity account.

Note Payable

A financial obligation in the form of a written promissory note that specifies the principal amount, interest rate, and due date.

Net Income

A company's final earnings following the deduction of all expenses and taxes from its revenues.

Net Cash Flow

The difference between cash inflows and outflows in a given period, indicating the liquidity position of a business.