Which of the Following Is/are True

question 41

Multiple Choice

Which of the following is/are true?

• A)After cost of sales, the income statement typically shows deductions for other expenses associated with operations (other operating expenses).
• B)Many firms present a subtotal called operating income or operating profit, the difference between revenues and expenses associated with core operating activities.
• C)Two common types of operating expenses are selling, general, and administrative expenses (SG&A) and research and development expenses (R&D).
• D)All of the above are true.
• E)None of the above are true.

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Definitions:

Common Ancestor

The most recent shared ancestor among different species or individuals from which they have descended.

Evolutionary Lines

Paths of descent or lineages that show the evolutionary history and relationships among organisms.

Genus

A rank in the biological classification system (taxonomy) that groups together species that are closely related.

Species Taxa

The basic unit of classification in biological taxonomy, used to group individuals that are capable of interbreeding.