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What Is Bioinformatics

question 16

Multiple Choice

What is bioinformatics?

Understand the fundamental legal characteristics and powers of corporations.
Recognize the differences between de facto and statutory corporations.
Grasp the concepts related to dividends, corporate profits, and tax statuses of corporations.
Understand the process and requirements for corporate incorporation and the implications of state incorporation statutes.

Definitions:

Unearned Revenue

A liability account that records amount owed for goods or services in advance of delivery. The Cash account would record the receipt of cash.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Service Income

Income earned from the provision of services to clients or customers.

Unearned Service Revenue

Income received by a company for services yet to be provided, recorded as a liability until the services are performed.

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