What Is X-Cel Company's Net Income or Net Loss If

question 147

Multiple Choice

What is X-cel Company's net income or net loss if it had Revenue of $1,800, Salary Expense of $500, Utility Expense of $250, and Withdrawals of $1,000 during October?

• A) $50 net income
• B) $1,050 net loss
• C) $1,050 net income
• D) $50 net loss

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Definitions:

Cladogram

A diagram depicting the evolutionary relationships between different groups of organisms, showing how they diverged from a common ancestor.

Lines of Descent

The lineage or genealogical sequence tracing the transmission of genetic traits from ancestors to descendants.

Homoplasy

Similarity in the characters in different species that is due to convergent evolution, not common descent. Characters that exhibit such similarity are called homoplastic features or homoplastic traits. Compare with homology.

Modified Leaves

Modified leaves are leaves that have evolved to perform functions other than photosynthesis, such as protection, storage, or reproduction.