Historically Speaking, Many Technological Breakthroughs Were a Result of Research

question 41

Multiple Choice

Historically speaking, many technological breakthroughs were a result of research and development:

• A)in universities.
• B)in businesses.
• C)in the military.
• D)that occurred accidentally.

---

Definitions:

Intra-entity Gross Profit

The profit realized from transactions conducted within different divisions or segments of the same company, often eliminated in consolidated reporting.

Eliminate Intra-entity Transfer

The process of removing transactions between entities within a single organization from the consolidated financial statements to prevent double counting.

Intra-entity Transfer

Transactions involving assets, services, or funds between units or divisions within the same legal entity.

Consolidated Income Statement

A financial statement that presents the overall income of a corporation and its subsidiaries as a single entity.