For Each of the Following Sentences, Select the Correct Word

question 30

Multiple Choice

For each of the following sentences, select the correct word in the parentheses. She is an expert (in, on) identifying rare plants.

• A) in
• B) on

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Definitions:

Earned Surplus Test

A financial measure used to determine the amount of income that a company has earned and is available for dividends distribution after accounting for all necessary expenses.

Surplus Test

A financial measure used to determine if an entity has excess assets over liabilities, often in insurance contexts.

Net Asset Test

A financial metric used to evaluate a company's financial health by subtracting total liabilities from total assets.

Liability

The state of being responsible for something, especially in terms of legal or financial obligations.