Component Percentages Indicate the Relative Size of Each Item Included

question 74

Multiple Choice

Component percentages indicate the relative size of each item included in a total.Which of the following statements is true?

• A)Income statement items are expressed as a percentage of net income,while balance sheet items are expressed as a percentage of total assets.
• B)Income statement items are expressed as a percentage of net sales,while balance sheet items are expressed as a percentage of total assets.
• C)Income statement items are expressed as a percentage of net income,while balance sheet items are expressed as a percentage of net assets.
• D)Both income statement and balance sheet items are expressed as a percentage of net assets.

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Definitions:

Amygdala

A region of the brain involved in experiencing emotions, notably fear and pleasure, and processing emotional memories.

Frontal Lobe

The part of the cerebral cortex covering the front part of the brain, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Agreeableness

A personality trait that involves attributes such as altruism, trust, kindness, affection, and other prosocial behaviors.

Circadian Rhythm

The internal biological clock that regulates approximately 24-hour cycles of various physiological processes, including sleep-wake patterns.