Which One of the Following Is an Ownership Interest in a Firm

question 18

Multiple Choice

Which one of the following is an ownership interest in a firm?

• A)asset
• B)expense
• C)net income
• D)liability
• E)equity

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Definitions:

Biological Parents

The parent(s) who contribute their genes to their offspring through reproduction.

Chromosomes

Structures within cells that contain DNA and carry genetic information necessary for cell growth, division, and function.

Genes

Units of hereditary information that are made up of DNA and govern the development of traits and characteristics through the synthesis of proteins.

Monozygotic Twins

Twins that develop from a single fertilized egg, resulting in two genetically identical individuals.