Which of the Following Is One Way to Determine If

question 115

Multiple Choice

Which of the following is one way to determine if a piece of information is a pseudofact?

• A) Determine if the information is true by asking your friends and peers.
• B) Locate the source of the claim while remaining skeptical of unreliable sources,like the Internet.
• C) If the information feels like it is true and it aligns with your opinion,then it is not a pseudofact.
• D) There is no way to tell if a piece of information is a pseudofact.

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Definitions:

Withdrawals

Withdrawals refer to the act of taking money out of a bank account, but in a business context, it often refers to the owner taking funds out of the business for personal use.

Income Summary

An account used in the closing process in accounting to gather all revenues and expenses for a period before transferring the net result to the capital account.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Expenses Closed

The process at the end of an accounting period where expense accounts are closed and their balances transferred to a summary account.