Which of the Following Would Be Best for Making French

question 5

Multiple Choice

Which of the following would be best for making French fries?

• A) new red potatoes
• B) chef potatoes
• C) sweet potatoes
• D) russet potatoes

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenue.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Insurance Expense

The cost attributed to procuring insurance for business operations, properties, liability, and other risk management purposes, treated as an expense on the income statement.

Prepaid Insurance

An asset account representing insurance payments made in advance for coverage that extends to future periods.