Indicate Whether the Statement Is a Simple or a Compound $\leftrightarrow$

question 178

Multiple Choice

Indicate whether the statement is a simple or a compound statement. If it is a compound statement, indicate whether it is a negation, conjunction, disjunction, conditional, or biconditional by using both the word and its appropriate symbol.
-It is false that whales are fish and bats are birds.

• A) Compound; biconditional; \(\leftrightarrow\)
• B) Compound; disjunction; \(\vee\)
• C) Compound; negation;\(\sim\)
• D) Compound; conjunction; \(\wedge\)

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Definitions:

Fiscal Period

A specific period of time used by governments and businesses for accounting and financial reporting purposes.

Expired Insurance

Refers to insurance policies that have reached the end of their coverage period and are no longer in effect.

Adjusting Entry

A journal entry made in an accounting period to adjust income or expense accounts to accurately reflect the revenues earned and expenses incurred during that period.

Income Statement

A financial document that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.