Perform the Indicated Operation and Reduce the Answer to Lowest $\frac { 2 } { 3 } + \frac { 1 } { 12 }$

question 192

Multiple Choice

Perform the indicated operation and reduce the answer to lowest terms.
- $\frac { 2 } { 3 } + \frac { 1 } { 12 }$

• A) \(\frac { 7 } { 12 }\)
• B) \(\frac { 1 } { 4 }\)
• C) \(\frac { 1 } { 5 }\)
• D) \(\frac { 3 } { 4 }\)

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Definitions:

Net Income

The net income of a company following the subtraction of all costs and taxes from the gross revenue.

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders in the form of cash.

Annual Financial Statements

Reports that give an overview of a company's financial condition for a specific fiscal year, including income statements, balance sheets, and cash flow statements.

December 31

The last day of the year in the Gregorian calendar, often used as the end date for annual financial statements.