Net Income Is Equal to the Change in Equity Due

question 128

True/False

Net income is equal to the change in equity due to operating activities over a period oftime.

---

Definitions:

Process

A series of actions or steps taken to achieve a particular end.

Crest

In anatomy, a crest refers to a prominent ridge or raised surface on the skeleton.

Foramen

An opening or hole in a bone or between body cavities that allows the passage of nerves or blood vessels.

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored.