When Measuring Out a Liquid in a Graduate, the Upper

question 34

Multiple Choice

When measuring out a liquid in a graduate, the upper surface of the liquid is called

• A) meniscus
• B) quarter-moon-shaped body
• C) liquid top
• D) both a and b

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Definitions:

Salaries Expense

The total amount paid to employees for services rendered during a specific period, reflected as an expense in financial statements.

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, not necessarily coinciding with the calendar year.

Accrued Revenue

Income that has been earned but not yet received, recorded in the accounting period it is earned rather than when payment is received.

Assets

Resources owned or controlled by a business, expected to generate future economic benefit.