Bernard Has Just Learned That on the Statement of Financial

question 91

Multiple Choice

Bernard has just learned that on the statement of financial position, the assets must equal the ___________ plus the _______________.

• A)money borrowed from others; money invested by the owners
• B)trade receivables; trade and other payables
• C)accumulated depreciation; asset value
• D)net profit; retained earnings

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Definitions:

Laws of Physics

The fundamental principles that govern the natural world, including laws related to motion, energy, force, and matter.

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass on those genes.

Darwin's Idea

The theory of natural selection proposed by Charles Darwin, suggesting that species evolve over time through the process of heritable physical or behavioral traits that enhance survival and reproduction.

Lifetime

Refers to the duration of existence of a living organism, product, or concept from its creation to its cessation or end of function.