Which of the Following Describes the First Ancestors of the Native

question 47

Multiple Choice

Which of the following describes the first ancestors of the Native American peoples?

• A) This group had always lived in the Western Hemisphere.
• B) The first Native Americans migrated by sea from Polynesia.
• C) The original group migrated by sea from China.
• D) They were migrants who came over land from northeastern Asia.

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Definitions:

Income Summary Account

A temporary ledger account used to summarize a period’s revenues and expenses before transferring the net result to the company's equity account(s).

Net Income

Net income is the total earnings of a company after subtracting all expenses, including taxes, interest, and operating expenses, from its total revenues.

Capital

Financial assets or the financial value of assets, such as cash and securities, owned by a business or individual, used for creating wealth or to engage in further production.

Revenue

The total amount of money earned by a business from its normal business operations, before any expenses are subtracted.