For the Following Amicable Pair, Determine Whether Neither, One, or Both

question 90

Multiple Choice

For the following amicable pair, determine whether neither, one, or both of the members are happy, and whether the pair is a happy amicable pair.
-32,685,250 and 34,538,270

• A)one; happy
• B)both; happy
• C)one; not happy
• D)neither; not happy

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Definitions:

Accounting Equation

The foundational principle of double-entry bookkeeping, stating that assets equal liabilities plus shareholders' equity.

Components

Elements or parts that combine to form a larger product or system.

Net Profit Margin Ratio

A profitability metric that shows the percentage of revenue that remains as net income after all expenses have been deducted.

Net Income

The total earnings of a company after accounting for all expenses and taxes, reflecting the company's profitability.