​Match the Following Terms or Phrases with the Correct Description

question 3

Multiple Choice

​Match the following terms or phrases with the correct description or definition.
-​Chitin

• A)​Fibrous substance which forms a hard cover for some species of mold and arthropods.
• B)​A type of solution in which the concentration of solutes is equal both inside and outside the cell.
• C)​Fine, hair-like structures on the surface of some eukaryotic cells which provide motility.
• D)​Single-celled eukaryotic microbes which require water and include: amoebas, flagellates, ciliates, and sporozoans.
• E)​Organisms which use sunlight and atmospheric CO₂ for energy then release oxygen.
• F)​The process of eukaryotic cell division that creates two daughter cells with the same number of chromosomes as the parent cell.
• G)​Form of fungus closely related to mold but is typically gray or white rather than black.
• H)​Anaerobic process used in production of yeast breads and alcohol.
• I)​The movement of solvent molecules (often water) through a semi-permeable membrane to an area of higher solute concentration (often salt) to equalize both sides.
• J)Eukaryotic cell organelles considered "power plants" that produce ATP energy.

Understand the impact of dividends and net income from an investee on the investor's financial statements.

Recognize when and how to record entries for investments revalued to fair value.

Understand and apply the principles of accounting for investments and related income in compliance with IFRS standards.

Analyze and prepare journal entries for transactions related to investments, including purchases, revaluations, and sales.

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Definitions:

Income

Financial gains obtained regularly as a result of working or investing.

Imputed Interest Rules

IRS rules that assign a market-rate interest value to certain transactions where no interest or an unrealistic amount of interest is charged.

Personal Residence

A dwelling where an individual lives for the majority of the tax year, which can include a house, apartment, trailer, or boat.

Sale of Property

The act of transferring ownership of real estate or personal property from one party to another for a price.