A Fox Catches and Eats a Mouse

question 42

Multiple Choice

A fox catches and eats a mouse. In this interaction, the fox is the ____.

• A) parasite
• B) predator
• C) prey
• D) herbivore
• E) mimic

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Definitions:

Supplies Expense

The cost associated with consuming supplies over a specific accounting period, impacting the income statement.

Accrued Interest Expense

The amount of interest that has been incurred but not yet paid during a particular period.

Adjustments

Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.

Depreciation

The procedure of distributing the cost of a solid asset over the time it is considered useful.