The Wing of a Penguin Is ________ the Wing of a Butterfly

question 42

Multiple Choice

The wing of a penguin is ________ the wing of a butterfly.

• A)structurally identical to
• B)superior to
• C)homologous to
• D)analogous to

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Definitions:

Cost Of Goods Sold

An accounting term that represents the direct expenses related to the production of goods sold by a company.

Statement Of Income

A financial report that shows a company’s revenues, expenses, and profits over a specific period, commonly referred to as an income statement or profit and loss statement.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for privately-held companies in Canada, providing simpler alternatives to International Financial Reporting Standards (IFRS).

IFRS

The International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide the preparation of financial statements globally.