Examlex

Solved

Fish That Spawn in Fresh Water but Feed in Continental

question 3

Multiple Choice

Fish that spawn in fresh water but feed in continental shelf waters are


Definitions:

Expense Account

An accounting ledger that tracks the outflow of economic resources or increase in liabilities, resulting in a decrease in equity.

Retained Earnings

The accumulated portion of net earnings not distributed to shareholders but reinvested in the business.

Shareholders' Equity

The ownership interest of shareholders in a company, calculated as total assets minus total liabilities.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.

Related Questions