A Subsidiary Account Is

question 87

Multiple Choice

A subsidiary account is:

• A)prohibited by GAAP.
• B)a separate account maintained internally for billing purposes.
• C)used for tax purposes to enable calculation of taxable income.
• D)used only for computing the accounts receivable turnover.

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Definitions:

Conception

The process of becoming pregnant involving fertilization, where an egg and sperm combine to form a zygote.

Multifactorial Transmission

The process by which traits or diseases are passed from generation to generation through a combination of genetic and environmental factors.

Natural Selection

A fundamental mechanism of evolution, where organisms better adapted to their environment tend to survive and reproduce, passing on advantageous traits.

Joint Evolution

The process by which two or more species evolve in response to each other, influencing each other’s evolutionary pathway.