On the Income Statement

question 64

Multiple Choice

On the income statement:

• A) the top line is net income.
• B) all expenses must have the word "expenses" in their title.
• C) gains and liabilities are reported.
• D) amounts can be reported in millions of dollars to reduce clutter.

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Definitions:

Decomposers

Organisms, such as bacteria, fungi, and certain insects, that break down dead or decaying organisms, turning organic matter into simpler substances.

Dead Consumers

Organisms that have consumed other organisms during their lifetime and have since died, playing a role in nutrient cycling as they decompose.

Environment

The sum of all external conditions and influences affecting the life and development of organisms.

Sun Energy

The radiant energy emitted by the Sun, which is harnessed by plants for photosynthesis and influences Earth's climate and weather.