A Telescope Whose Objective Is a Lens and Contains No

question 12

Multiple Choice

A telescope whose objective is a lens and contains no mirrors is a(n) ____ telescope.

• A) refracting
• B) reflecting
• C) deflecting
• D) compound
• E) retracting

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Definitions:

Cash Flow

The net amount of cash and cash-equivalents moving into and out of a business, crucial for assessing the liquidity of an entity.

Trading Investments

Securities that a company holds for the purpose of selling them in the near term to profit from short-term price fluctuations.

Depreciation Expense

A non-cash expense that reduces the value of tangible assets over their useful life due to wear and tear or obsolescence.

Indirect Method

A method for preparing the cash flow statement, where net income is adjusted for non-cash transactions and changes in working capital.