Which of the Following Statements Best Describes What Weight Is

question 17

Multiple Choice

Which of the following statements best describes what weight is?

• A) Weight is the amount of mass something has.
• B) Weight is resistance to acceleration.
• C) Weight is a force due to gravity acting on a mass.
• D) Weight describes how massive something is.

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Definitions:

Accounting Equation

The fundamental formula in accounting that states assets equal liabilities plus equity (Assets = Liabilities + Equity).

Owner's Equity

The net worth of an owner in a company, calculated as the difference between the company's assets and liabilities.

Liabilities

Financial obligations or debts of a business that are due to be paid to creditors in the future.

Accounting Equation

The foundational principle in accounting that states assets equal liabilities plus shareholders' equity.