The Fact That Mammals (Including Humans) and Fruit Flies Have

question 16

Multiple Choice

The fact that mammals (including humans) and fruit flies have similar genes regulating their daily "clocks" suggests that

• A) these genes are also found in prokaryotes.
• B) clock genes appeared recently in animal evolution.
• C) mammals evolved from fruit flies.
• D) maintaining a daily "clock" is essential to the normal function of all animals.

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Definitions:

Ending Inventories

The worth of merchandise ready for purchase at the closure of a financial period, determined by adding the initial stock and acquisitions, then subtracting the cost of goods sold.

Net Income

The total profit of a company after all expenses, including taxes and costs, have been subtracted from total revenue.

Merchandise Inventory Account

An account in the general ledger that tracks the cost of goods intended for sale during an accounting period.

Worksheet

A document or tool used by accountants for preparing financial statements and supporting calculations.