What Would Have Happened If Earth Were Located 10% Further

question 46

Multiple Choice

What would have happened if Earth were located 10% further out from the Sun?

• A) Our atmosphere would consist mainly of nitrogen.
• B) Our Sun would have burned out after a few hundred million years so life would not evolve.
• C) Our atmosphere would consist mainly of carbon dioxide.
• D) Our oceans would all be frozen.

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Definitions:

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded when they are incurred, not necessarily when they are paid.

Expenses Recorded

The process of documenting and recognizing incurred expenses in the financial records during a specific accounting period.

Journal Entries

A record of financial transactions in accounting that includes details like the date of the transaction, amounts involved, accounts affected, and a brief description.