Classify the Following Statement as Representing an Intensive or Extensive

question 38

Short Answer

Classify the following statement as representing an intensive or extensive property by placing intensive or extensive in the blank.
"Vinegar tastes sour.":
_________________

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Definitions:

Depreciation

A method of allocating the cost of a tangible asset over its useful life.

Indirect Method

A method of presenting the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.

Net Income

The net earnings of a company once all costs and taxes are subtracted from the total income.

Indirect Method

An approach used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to calculate cash from operating activities.