The Absorptive State Occurs

question 74

Multiple Choice

The absorptive state occurs

• A) about 12 hours after a meal, when you are sleeping.
• B) from when you are eating until about 4 hours after the meal.

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Definitions:

Withdrawals

Withdrawals indicate the amount of money or assets taken out from a business by its owner(s) for personal use.

Business Expenses

Costs incurred in the ordinary course of business, including salaries, utilities, and rent.

Income Statement

A financial report that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Asset

Economic resources owned or controlled by an entity that are expected to produce value.