Water Has a Specific Gravity Of

question 18

Multiple Choice

Water has a specific gravity of:

• A) 1
• B) less than 10.
• C) 10.
• D) greater than 1.

---

Definitions:

Net Income

The net income of a company once all costs, taxes, and losses have been deducted.

Partial Equity Method

An accounting technique used when a company has significant influence over another company but does not control it outright, recognizing income to the extent dividends are received.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.

Annual Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life on a yearly basis.