A Drought Defined by the Shortage of Precipitation and Soil

question 90

Multiple Choice

A drought defined by the shortage of precipitation and soil moisture effects on crop yield is a(n) ___drought.

• A)meteorological
• B)agricultural
• C)hydrological
• D)socioeconomic
• E)climatic

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Definitions:

Revaluation Of Land

The process of adjusting the book value of land to reflect its current market value, resulting in a change in the asset's valuation on the balance sheet.

Market Value

The price at which assets or services are currently being exchanged in the marketplace.

Accumulated Depreciation

The total amount of a company's asset value that has been expensed as depreciation since the asset was acquired.

Accounts Receivable

Financial claims of a business against its customers for the provision of goods or services, which have not been paid for.