After the Sun Goes Down

question 86

Multiple Choice

After the sun goes down:

• A) the level of Pfr increases.
• B) the level of Pfr remains constant.
• C) Pfr is converted to Pr.
• D) Pfr is degraded.
• E) Pr is converted to Pfr.

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Definitions:

Accounts

Records that summarize financial transactions pertaining to a business entity’s assets, liabilities, equity, revenues, and expenses.

Increases and Decreases

Terms used to describe the upward and downward movements in financial and non-financial metrics within business operations.

T Account

The simplest form of an account.

Debit

An accounting entry that represents an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.