The ____ in a Flowchart Is the Input/output Symbol

question 13

Multiple Choice

The ____ in a flowchart is the input/output symbol.

• A) parallelogram
• B) rectangle
• C) diamond
• D) oval

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Definitions:

Net Income

A company's total earnings or profit, calculated as revenues minus expenses, taxes, and the cost of goods sold.

Partial Equity Method

An accounting treatment used for investments where the investor has significant influence but does not control the investee, recognizing income to the extent of dividends received and changes in the investee's equity.

Noncontrolling Interest

The portion of equity interest in a subsidiary not attributable directly or indirectly to the parent company.

Net Income

The amount of earnings remaining after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's profit.