A Graph Shows the Price of a Kilo of Cucumbers

question 5

Multiple Choice

A graph shows the price of a kilo of cucumbers on the vertical axis and the quantity of new cars sold by Honda on the horizontal axis.The price of a kilo of cucumbers remains constant as the quantity of new cars sold increases.The graph of these data is a

• A)curve with a maximum.
• B)vertical line.
• C)positively sloped line.
• D)negatively sloped line.
• E)horizontal line.

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Definitions:

Book Income

The income reported by a business according to accounting principles, before taxation.

Permanent Difference

A discrepancy between the book income and taxable income that is not temporary and will not reverse in the future, affecting the company's tax and financial reporting differently.

Book Income

The income reported by a company in its financial statements according to the applicable accounting rules, which may differ from taxable income.

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.