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Brian and Matt Have Both Just Flunked Out of College

question 23

Multiple Choice

Brian and Matt have both just flunked out of college. Brian is sure he did not flunk and that he really is going to graduate. Matt simply refuses to think about what just happened. Brian is using the defense mechanism of ________ and Matt is using ________.


Definitions:

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.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest held by shareholders.

Subdivision

The act of dividing land into plots or parcels for the purpose of sale or development.

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