What Would Be the Most Confusing Thing to Say to a Five-Year-Old

question 50

Multiple Choice

What would be the most confusing thing to say to a five-year-old whose mother just died?

• A) "Your mommy will not be around to play with you anymore."
• B) "Your mommy didn't die because a monster got her. People sometimes die when they get very sick."
• C) "Your mommy has gone away to a better place."
• D) "We are going to have to bury your mommy just like we had to bury your hamster when she died."

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The net value of an asset or company, calculated as total assets minus total liabilities and intangible assets such as goodwill.

Equipment

Tangible assets used in the operations of a business, often having a useful life longer than one year.

Accumulated Depreciation

The aggregate depreciation charged against a tangible asset over its useful life to represent wear and tear.

Income Summary

An account used in the closing process that summarizes the revenues and expenses for a fiscal period, determining the net income or loss.