Which of the Following Were Defined as the Elements by the Early

question 31

Multiple Choice

Which of the following were defined as the elements by the early Greeks?

• A)earth, wind, and fire
• B)earth, air, fire, and water
• C)carbon, hydrogen, and oxygen
• D)sun, sand, and water
• E)none of these

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Definitions:

Liability

Debts or financial duties a business is responsible for paying back to other entities, which require settling by transferring economic resources over a period.

Cash

Money in the form of coins or banknotes, including the balance of bank accounts.

Income Statement

A financial statement that reports a company's revenues, expenses, and profits over a specific period of time.

Statement of Cash Flows

A statement showcasing the influence of modifications in balance sheet positions and revenue on cash and cash analogues, distributed into operating, investing, and financing operations.