The Suffix -Ion Means

question 296

Multiple Choice

The suffix -ion means:

• A)a process; being or having.
• B)action; condition.
• C)pertaining to.
• D)that which produces.

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Definitions:

Initial Value Method

An accounting approach where investments are recorded at their acquisition cost, without subsequent adjustments for market fluctuations.

Noncontrolling Interest

The portion of equity in a subsidiary not owned by the parent company, reflecting the interest of minor shareholders.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses.