Following the Guidance of the New ASU,the Total Decrease in Earnings

question 60

Multiple Choice

Following the guidance of the new ASU,the total decrease in earnings (pretax) in Karla's December 31,2016,income statement would be:

• A)$5,000.
• B)$7,400.
• C)$8,400.
• D)$9,000.

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Definitions:

Lines of Descent

The lineage or genealogical sequence tracing the transmission of genetic traits from ancestors to descendants.

Homoplasy

Similarity in the characters in different species that is due to convergent evolution, not common descent. Characters that exhibit such similarity are called homoplastic features or homoplastic traits. Compare with homology.

Modified Leaves

Modified leaves are leaves that have evolved to perform functions other than photosynthesis, such as protection, storage, or reproduction.

Lamarck's

Pertains to Lamarckism, a theory of evolution that emphasizes the inheritance of acquired characteristics.