Each Group Below Has Been Divided According to a Single

question 21

Short Answer

Each group below has been divided according to a single basis of classification. However, one item in each group does not belong; it does not fit that single basis of classification. Read each group of items carefully; then select the letter of the one item that does not belong. Next, for each group, identify the single basis of classification that includes the rest of the group.
Part A: Plants
a. full sunlight
b. shade
c. sandy soil
d. moderate light
Part B: Basis of classification:
a. type of soil needed
b. light requirements
c. size

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.

Financial Position

Financial position refers to the status of a company's assets, liabilities, and equity at a specific point in time, as represented in the balance sheet.

Owners' Equity

The residual interest in the assets of an enterprise after deducting liabilities, representing the ownership's claim on the company's assets.