Imagine That You Are Studying a Very Large Population of Moths

question 23

Multiple Choice

Imagine that you are studying a very large population of moths that is isolated from gene flow.A single gene controls wing color.Half of the moths have white- spotted wings (genotype WW or Ww) and half of the moths have plain brown wings (ww) .There are no new mutations,individuals mate randomly,and there is no natural selection on wing color.How will p,the frequency of the dominant allele,change over time?

• A)p will decrease because of genetic drift.
• B)p will neither increase nor decrease; it will remain more or less constant under the conditions described.
• C)p will fluctuate rapidly and randomly because of genetic drift.
• D)p will increase; the dominant allele will eventually take over and become most common in the population.

Identify the characteristics and reporting requirements of discontinued operations.

Grasp the definition and importance of sustainable operations in financial statements.

Understand the concept of period costs and their treatment in financial reporting.

Recognize the role of the income statement in forecasting future cash flows.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, often with dividends that are paid out before those of common shares.

Organization Expense

Organization expense refers to the costs associated with forming a business entity, such as legal fees, filing fees, and costs of issuing stock.

Paid in Capital in Excess

Financial capital received from investors above the par value of the shares issued, also known as additional paid-in capital.

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.