The FIT Principle Is

question 105

Multiple Choice

The FIT principle is

• A) the level of fitness one should achieve according to one's age.
• B) the principle that a good physical fitness program should be based on frequency, intensity, and time.
• C) a method to determine your fitness level based on your target heart rate.
• D) a method to determine fitness based on flexibility and muscle strength.

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Definitions:

Total Liabilities

The sum of all debts and financial obligations a company owes to outside parties, including loans, accounts payable, and bonds payable.

Owner's Equity

Indicates the total net worth of a company attributable to the owner or shareholders, reflecting the equity capital and retained earnings.

Notes Payable

A written promise to pay a specific sum of money to a person or entity at a future date, categorized as a liability on the balance sheet.

Accrued Interest Payable

Interest that has been incurred but not yet paid, typically appearing on the balance sheet as a liability.