Which of the Following Is TRUE If U =

question 16

Multiple Choice

Which of the following is TRUE if U = -95 J?

• A)The system is gaining 95 J, while the surroundings are losing 95 J.
• B)The system is losing 95 J, while the surroundings are gaining 95 J.
• C)Both the system and the surroundings are gaining 95 J.
• D)Both the system and the surroundings are losing 95 J.
• E)None of the above are true.

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Definitions:

Entity Method

An accounting approach used in preparing consolidated financial statements where investments in subsidiaries are recorded at cost and adjusted for the parent company's share of the subsidiaries' post-acquisition profits or losses.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the business assets.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Consolidated Financial Statements

Financial statements that represent the aggregation of a parent company and its subsidiaries, presenting the financial position and results of operations as if the group were a single entity.