Find the Y-Intercept of the Line

question 53

Multiple Choice

Find the y-intercept of the line . ​

• A) (0, 5)
• B) (0, 7)
• C) (0, 35)
• D) (7, 0)
• E) (5, 0)

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in its net income or loss for that period.

Depreciable Asset

An asset that loses value over time due to use, wear and tear, or obsolescence, and whose cost can be allocated over its useful life.

Net Income

A company's remaining income after deducting all costs and taxes from its revenue.

Gain

The increase in the value of an asset or a decrease in the value of a liability, which results in an increase in the equity of a business.