The Difference Between Assets and Liabilities Is Called

question 23

Multiple Choice

The difference between assets and liabilities is called

• A) surplus.
• B) deficit.
• C) net income.
• D) net worth.

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Definitions:

Recessive Trait

A genetic feature or condition that is expressed in an organism only when two copies of the gene are present, often masked by the presence of a dominant allele when only one copy is present.

Homozygous Genotype

An organism's genetic makeup consisting of two identical alleles for a particular trait.

Heterozygous

Having inherited two genes of different allelic forms for a trait.

Dominant Allele

The allele that is expressed when an individual possesses two different alleles for the same trait.