You Are Observing a Particular Species of Chimpanzee and Note

question 362

Multiple Choice

You are observing a particular species of chimpanzee and note that a group of males have formed a coalition and are attacking another member of the group. You have only ever observed this behaviour in one other species. Which of the following would that be?

• A)Whales
• B)Gorillas
• C)Big horn sheep
• D)Humans
• E)Ground squirrel

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Definitions:

Carry Forward

A provision that allows individuals or businesses to apply current year losses, credits, or deductions to future tax years, to reduce taxable income.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, entering contracts, and being sued.

Income Tax Payable

The amount of income tax a company owes to the government but has not paid by the end of the period.

Prepaid Asset

An asset on the balance sheet representing goods or services paid for in advance, which are to be consumed in future accounting periods.