A 1-Week-Old Baby Is Crying.Which Is Correct

question 53

Multiple Choice

A 1-week-old baby is crying.Which is correct?

• A) Babies cry to communicate.
• B) Picking up a crying baby will spoil the baby.
• C) The baby is uncomfortable.
• D) The baby is ill.

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Definitions:

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recorded as assets on the balance sheet until they are consumed or used.

Accounts Receivable

The amount owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Net Income

The total revenue minus expenses, taxes, and costs, representing the profit of a company over a specific time period.

Direct Method

The direct method in accounting refers to a way of reporting cash flows from operating activities by directly listing major classes of gross cash receipts and payments.