Janice Had an Ultrasound Done About 60 Days After She

question 57

Multiple Choice

Janice had an ultrasound done about 60 days after she conceived her baby.What information about her baby could Janice learn from the ultrasound at this point in pregnancy?

• A) the sex of the baby
• B) that it is a baby and not just a small tumour
• C) very little, because the embryo is so small
• D) whether or not the baby carries a recessive genetic disorder

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Definitions:

Future Cash Flows

Estimates of the amounts of cash that a company expects to receive or pay out in the future, important for budgeting, forecasting, and valuation.

Interest-Bearing Note

A debt instrument that pays interest to the holder at a fixed or variable interest rate until the principal amount is repaid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Interest Expense

The expense recorded by a business for the funds it has borrowed, categorized as a non-operating expense in the income statement.