The Point at Which a Line Intersects the Y Axis

question 27

Multiple Choice

The point at which a line intersects the Y axis when X = 0 is called the _____.

• A)intercept
• B)slope
• C)abscissa
• D)a and c

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Equity Method

The equity method is an accounting technique used to assess the investments in other companies, where the investment is recorded at original cost and adjusted according to the investor’s share of the investee's profit or loss.

Intra-entity Inventory

Transactions involving the exchange of goods between divisions within the same company, often for consolidation or reallocation purposes.

Gross Profit

The disparity between sales income and the expense of goods sold, prior to considering additional expenditures.