Match Each Individual Below with the Correct Invention

question 16

Multiple Choice

Match each individual below with the correct invention.
A.Samuel Morse
B.Cyrus McCormick
C.Elias Howe
D.Robert Fulton
1) telegraph
2) mower-reaper
3) steamboat
4) sewing machine

• A) A-3, B-1, C-4, D-2
• B) A-1, B-2, C-4, D-3
• C) A-1, B-4, C-2, D-3
• D) A-4, B-2, C-3, D-1
• E) A-2, B-1, C-4, D-3

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Definitions:

Net Income

The total profit or loss of a company after all revenues, expenses, and taxes have been accounted for.

Owner's Equity

Owner's equity represents the owner's claim to the assets of a business, calculated as the business's total assets minus its total liabilities.

Salvage Value

is the estimated residual value of an asset at the end of its useful life.

Depreciation Expense

The allocated amount of an asset's cost expensed over its useful life to account for wear and tear, obsolescence, or decline in value.