The Balance Sheet Equation Is

question 82

Multiple Choice

The balance sheet equation is:

• A)Revenues minus expenses equal net income
• B)Debits equal credits
• C)The bookkeeping phase of accounting
• D)Another name for the accounting equation
• E)Assets minus liabilities and equity

---

Definitions:

Heritability

A measure of how much of the variation in a trait among a population can be attributed to genetic differences.

Genetic Variation

Differences in the DNA sequence among individuals, which contribute to the uniqueness of each person's physical and behavioral characteristics.

Intelligence Test

A standardised assessment used to measure a person's intellectual capabilities and potential.

Heredity

The passing on of physical or mental traits genetically from one generation to another.