________ or ________ Are the Terms Used to Describe Two

question 16

Multiple Choice

________ or ________ are the terms used to describe two people who have regular sex with one another, but who do not relate as boyfriend and girlfriend.

• A) Hooking up; speed dating
• B) Sexual friendship; domestic partners
• C) Friends with benefits; booty call
• D) Sex friends; homeys

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Definitions:

Net Income

The ultimate earnings a company reports after all deductions, including taxes and expenses, from total income.

Average Common Stockholders' Equity

The average equity held by common shareholders, calculated typically over a year, representing the company's assets minus its liabilities attributable to common shareholders.

Prior Period Adjustment

Adjustments made to the financial statements of a prior period to correct errors or implement changes in accounting policy.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net earnings not distributed to shareholders in the form of dividends.