Grasshoppers and Crickets Share Many Similar Characteristics Such as General

question 39

Multiple Choice

Grasshoppers and crickets share many similar characteristics such as general body form, elongated hind legs (which they use for jumping) , and particular wing structures. The simplest hypothesis that would explain the similarities between these insects is that they resulted from

• A) shared ancestry.
• B) gene flow.
• C) genetic drift.
• D) mutation.

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Definitions:

Total Liabilities

The sum of all financial obligations or debts a company owes, including both short-term and long-term liabilities.

Incurred Expense

Expenses that have been recognized in the accounting period in which they are incurred, regardless of when the payment is made.

Adjusting Process

An analysis and updating of the accounts when financial statements are prepared.

Revenue Recognition Principle

A concept of accounting that states that revenues are recorded when earned, which is when the services have been performed or products have been delivered to customers.