Net Income Results in A(n)

question 6

Multiple Choice

Net income results in a(n)

• A)increase in owner's equity.
• B)increase in revenues.
• C)decrease in expenses.
• D)increase in assets.

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Definitions:

Creative

Characterized by originality of thought or inventiveness; having the ability to create.

Crystallized Intelligence

The ability to use learned knowledge and experience.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns.

Analytical Intelligence

The competency to examine, judge, contrast, and compare various pieces of information.