The Femur in a Snake and Pelvis in a Whale

question 62

Multiple Choice

The femur in a snake and pelvis in a whale are examples of:

• A)Homologous structures
• B)Analogous structures
• C)Homeotic structures
• D)Vestigial structures
• E)Heterologous structures

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders. Often reinvested in the business or used to pay off debt.

Income Summary Account

An account used to transfer the balances of temporary accounts to a permanent account at the end of an accounting period, summarizing revenue and expenses.

Closing Process

The procedure at the end of an accounting period where income and expense accounts are cleared out to start the new period with a zero balance.

Revenues and Expenses

Pertains to the income generated from normal business operations and the costs incurred to generate that income, crucial for determining net profit.