In the Past Approximately 100 Years, Global Temperatures Have___________

question 55

Multiple Choice

In the past approximately 100 years, global temperatures have___________ .

• A) decreased by nearly 5°C
• B) increased by nearly 1°C
• C) decreased by nearly 1°C
• D) increased by nearly 5°C
• E) not changed significantly

---

Definitions:

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.

360-Day Year

A financial convention that simplifies interest calculations by assuming a year has 360 days.