Scientific Theories That Withstand the Test of Time and Study

question 12

Multiple Choice

Scientific theories that withstand the test of time and study eventually become________ .

• A) Scientific knowledge
• B) Scientific facts
• C) Scientific principles
• D) None of the above

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Definitions:

Indirect Method

A technique, often used in cash flow statements, that adjusts net income for non-cash transactions to compute cash flow from operating activities.

Net Income

Net Income is the total revenue of a company minus all expenses and taxes, representing the profit earned during a specific period.

Net Cash

The amount of cash a company has after all its cash inflows and outflows have been accounted for, often used in the context of operating, investing, and financing activities.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.