Indicate All of the Following Statements That Correctly Describe Net

question 151

Multiple Choice

Indicate all of the following statements that correctly describe net income. Net income:

• A) Is equal to revenue minus expenses.
• B) Is equal to revenue minus the sum of expenses and dividends.
• C) Increases owners' equity.
• D) Is reported by a company for a period of time.

---

Definitions:

Personal Construct

Refers to the ways individuals uniquely perceive, interpret, and understand their world and experiences, according to George Kelly's personal construct theory.

Permeable Construct

Permeable Construct refers to a concept or theory that can be easily influenced or penetrated by external factors or ideas.

Personal Constructs

A theory proposed by George Kelly, articulating that individuals construct their own interpretations of the world and use these constructs to make sense of their experiences.

Personal Construct Theory

A psychological theory developed by George Kelly, suggesting that individuals interpret the world and construct their own models of reality through bipolar constructs.