Which of the Following Is True

question 51

Multiple Choice

Which of the following is true?

• A) Slander and libel are two kinds of defamation.
• B) Defamation and slander are two kinds of libel.
• C) Defamation and libel are two kinds of slander.
• D) Slander and libel are two terms for the same tort,and defamation is a different tort altogether.
• E) Slander,libel,and defamation are three terms with the same meaning.

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Definitions:

Net Income

Net income is the total revenue minus total expenses of a business, showing the company's profit during a specific period.

Correcting Entries

Journal entries made to amend previously recorded transactions that were incorrect or incomplete.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it to customers, and collect the cash from these sales.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.