Which of the Following Activities Involving Goldfish Would Be Acceptable

question 20

Multiple Choice

Which of the following activities involving goldfish would be acceptable under federal guidelines?

• A) Watch their behavior when they are fed.
• B) Swirl the fish bowl to set up a whirlpool and see how the goldfish react.
• C) Add ice to the water in the fish bowl to see how the fish react.
• D) Poke the fish gently with a stick to see whether repeated poking results in a change in their reflexes.
• E) All of the above
• F) None of the above

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Definitions:

Loss on Acquisition

A financial loss that occurs when the cost to acquire a company or asset exceeds its fair value.

Gain on Sale

The profit realized from the sale of assets that exceeds the book value of those assets.

Other Comprehensive Income

Income that is not included in net income, including items that are not realized, such as foreign currency translation adjustments and unrealized gains or losses on investments.

Current Period Profit or Loss

The net income or loss for the current reporting period, reflecting the financial performance of an entity over that timeframe.