Which of the Following Characteristics Is Shared by Olive Oil

question 75

Multiple Choice

Which of the following characteristics is shared by olive oil and canola oil?

• A)Neither is liquid at room temperature
• B)Neither contains saturated fatty acids
• C)Both contain high levels of polyunsaturated fatty acids
• D)Both contain high levels of monounsaturated fatty acids

---

Definitions:

Temporary Account Balances

Accounts that are closed at the end of each accounting period, including revenues, expenses, and dividends accounts.

Net Income

The net gain a company achieves after all operational costs and taxes are removed from its entire revenue.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts, thereby preparing the books for the next period.

Revenue Account

An account in financial accounting used to record income generated by a company's ordinary activities.