Fill in the Blank with One of the Words or Phrases

question 40

Multiple Choice

Fill in the blank with one of the words or phrases listed below.

-An equation that describes a known relationship among quantities is called a .

• A) linear inequality in one variable
• B) numerical coefficient
• C) formula
• D) linear equation in one variable

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Definitions:

Credit

A financial agreement where a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.

Equity Account

An account representing the owner's or shareholders' interest in a company, reflected in the capital stock, retained earnings, and contributed surplus on the balance sheet.

Unearned Revenue

Money received by a company for products or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.

Retained Earnings

The segment of net income that is not issued as dividends, reserved by the company for reinvestment in its essential business or for settling debts.