What Is Character Similarity That Results from Common Embryology,and Therefore

question 7

Multiple Choice

What is character similarity that results from common embryology,and therefore ancestry,called?

• A)analogy
• B)taxonomy
• C)homology
• D)phylogeny

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Definitions:

Income Summary

An account used temporarily during the closing process to aggregate all income and expense accounts before transferring their balances to the retained earnings account.

Current Assets

Assets that are expected to be converted into cash, sold, or used within a year, including cash, inventory, and receivables.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business, whichever is longer.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.