Which of the Following Are Products Refined from Crude Oil

question 15

Multiple Choice

Which of the following are products refined from crude oil?

• A) Heating oil
• B) Gasoline
• C) Kerosene
• D) All of the above

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenues.

Capital Account Balance

The net amount of funds invested in a business by its owners, plus retained earnings or minus accumulated losses.

Partnership Capital

The amount of capital that is contributed by the partners in a partnership firm, representing their ownership interest and basis for sharing profits and losses.

Income-sharing Ratio

A predefined formula used to distribute profits among partners or stakeholders in proportion to their agreed-upon shares.