One of the Discoveries Which Led to the Modern View

question 63

Multiple Choice

One of the discoveries which led to the modern view of the solar system was that the orbits of the planets are ___________.

• A) parabolas
• B) circles
• C) hyperbolas
• D) ellipses

---

Definitions:

Negative Goodwill

A financial situation where the price paid for an acquisition is less than the fair market value of its net tangible assets.

Note Payable

A written promise to pay a certain amount of money, often with interest, by a specific date, recognized as a liability in the borrower's financial statements.

Consolidated Statement

A financial statement that aggregates the financial position and results of operations of a parent company and its subsidiaries as a single entity.

Push-down Accounting

An accounting method used in situations of acquisitions, where the financial statements of the acquired company are restated to reflect the acquirer's basis of assets and liabilities.