Michael Is Color Blind

question 185

Multiple Choice

Michael is color blind. Whose genes caused this to happen?

• A) Only his father's genes
• B) Only his mother's genes
• C) Either of his parents' genes could have caused this
• D) Neither parent's genes, as color blindness is not inherited

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Definitions:

Rent Expense

An expense incurred from occupying rental property or equipment for business operations.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate periods, ensuring that revenues and expenses are matched.

Accumulated Depreciation

The complete value of a physical asset's price that has been charged as an expense from the time the asset started being utilized.

Contra Asset Account

A type of account that reduces the total value of a related asset account on a company's balance sheet.