During the Termination Stage ___________

question 26

Multiple Choice

During the termination stage ___________.  

• A) a start codon enters the ribosome
• B) release factors separate the ribosomal subunits
• C) mRNA attaches to the ribosome and the polypeptide chain
• D) ribosomal subunits join
• E) a stop codon enters the ribosome

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Definitions:

Owner's Capital

The amount of money and assets invested in a business by its owner, minus any withdrawals.

Net Income

The residual financial gain of a business following the deduction of every expense, tax, and cost from its total revenue.

Accounting Cycle

The collective process of recording and processing the accounting events of a company, culminating in the production of financial statements within a specific period.

Income Summary

An account used in the closing process that summarizes the revenues and expenses for an accounting period before transferring the net income or loss to owner's equity.