Net Income Is

question 31

Multiple Choice

Net income is:

• A) deducted from beginning retained earnings on the retained earnings statement
• B) added to beginning retained earnings on the retained earnings statement
• C) added to assets on the balance sheet
• D) deducted from net sales on the income statement

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Definitions:

Application Server

A server that acts as a repository for application software.

UTP Cable

Stands for Unshielded Twisted Pair cable, commonly used in telecommunications and computer networks to reduce electromagnetic interference.

Foil Shielding

A type of electromagnetic interference shielding used in cables, employing a thin layer of metal foil to block unwanted signals.

MAC Addresses

Unique identifiers assigned to network interfaces for communications at the data link layer of a network segment.