Examlex
The most recently discovered phylum in the animal kingdom (1995) is the phylum Cycliophora. It includes three species of tiny organisms that live in large numbers on the outsides of the mouthparts and appendages of lobsters. The feeding stage permanently attaches to the lobster via an adhesive disk, and collects scraps of food from its host's feeding by capturing the scraps in a current created by a ring of cilia. The body is sac-like and has a U-shaped intestine that brings the anus close to the mouth. Cycliophorans are eucoelomate, do not molt (though their host does) , and their embryos undergo spiral cleavage.
-Basing your inferences on information in the previous paragraph, to which clade(s) should cycliophorans belong?
1) Eumetazoa
2) Deuterostomia
3) Bilateria
4) Ecdysozoa
5) Lophotrochozoa
Income Summary
The Income Summary is an account in the ledger that aggregates all revenues and expenses for a period, transferring the net result to owner's equity.
Permanent Accounts
Accounts that carry their ending balances over to the next accounting period. Examples include assets, liabilities, and equity accounts.
Post-closing Trial Balance
A listing of all active general ledger accounts with their balances after closing entries are made, serving as a check to ensure debits equal credits before beginning a new accounting period.
Income Statement
A report that outlines a company's financial results for a certain period, including income and expenditures, to reveal a net gain or deficit.
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