Examlex
The __________________ principle requires that an accounting information system conform to a company's activities,personnel,and structure and must adapt to a company's unique characteristics.
Maximize Profits
The strategic goal of increasing an organization's net income to the highest possible level.
Revenue Generated
The total amount of income produced by the sale of goods or services related to a company's primary operations.
Patent Law
The area of law concerned with giving inventors the exclusive right to benefit from their inventions for a certain period.
Inventors
Individuals who create something novel and useful, often securing patents for their innovations to protect the intellectual property.
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Q181: What was net income for the year?<br>A)$320,000<br>B)$296,000<br>C)$100,000<br>D)$457,000<br>E)$116,000
Q194: What was total equity at year end?<br>A)$320,000<br>B)$296,000<br>C)$316,000<br>D)$457,000<br>E)$116,000