If a Star Is Over 1

question 119

Multiple Choice

If a star is over 1.5 solar masses,technologically advanced civilizations would likely not evolve on one of its planets because

• A) it would probably fade away or explode into a supernova before creatures as intelligent as we are can evolve.
• B) it would probably not have planets around it.
• C) it would likely be in a binary system that would gravitationally interrupt life on a planet around the system.
• D) None of these;it is very likely that creatures as intelligent as we are can evolve.

Recognize the importance of adjusting entries in the preparation of financial statements.

Understand the principles of revenue recognition and expense recognition (matching principle).

Identify the effects of recording revenues or expenses in incorrect periods.

Understand the concept of fiscal year and its implications for financial reporting.

---

Definitions:

Noncontrolling Interest

A share of equity in a subsidiary not held by the parent company, reflecting the interest of minority shareholders.

Initial Value Method

An accounting approach where investments are recorded at their acquisition cost, without subsequent adjustments for market fluctuations.

Noncontrolling Interest

The portion of equity in a subsidiary not owned by the parent company, reflecting the interest of minor shareholders.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses.