Which Statement Is True of Jainism and Buddhism

question 247

Multiple Choice

Which statement is true of Jainism and Buddhism?

• A) They both derived from Hinduism.
• B) They are polytheistic.
• C) Their followers are fish-eating vegetarians.
• D) They were founded by Siddhartha Gautama.

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Definitions:

Insurance Expense

The cost incurred by a company for purchasing insurance policies, which is recognized as an expense over the period the insurance provides coverage.

Prepaid Insurance

An asset account representing insurance premiums that have been paid in advance and are gradually expensed over the period of coverage.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.