In Flatworms and Sea Anemones,circulation of Solutes and Gases Is

question 25

Multiple Choice

In flatworms and sea anemones,circulation of solutes and gases is by way of

• A) interstitial fluid diffusion.
• B) an open circulatory system.
• C) a closed circulatory system.
• D) cell to cell transport.
• E) intracellular diffusion.

Understand the procedures for recording bond investments and interest.

Differentiate between various methods of accounting for investments.

Know the classification and reporting of investments on the balance sheet.

Understand the accounting for dividends and interest related to investments.

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Definitions:

Assets

Economic resources owned by a business or individual that are expected to bring future benefits.

Revenue

Income earned by a company from its business activities or sales, before any expenses are deducted.

Cash

Currency and coins, along with funds in bank accounts and other forms of immediately available funds.

Accounting Equation

The foundation of double-entry bookkeeping, stating that assets are equal to the sum of liabilities and owner's equity: Assets = Liabilities + Owner's Equity.