Net Income

question 239

Multiple Choice

Net income:

• A)Decreases equity.
• B)Represents the amount of assets owners put into a business.
• C)Equals assets minus liabilities.
• D)Is the excess of revenues over expenses.
• E)Represents the owners' claims against assets.

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Definitions:

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, influenced by culture, attitudes, emotions, values, ethics, and genetics.

Id

In psychoanalytic theory, the part of the personality structure that contains a person's basic drives and instincts, operating on the pleasure principle.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a sandwich.

Defense Mechanism

A means used by the ego to defend against anxiety and to maintain self-esteem.