Which Statement Correctly Locates the Formation of the Earth and the Appearance

question 84

Multiple Choice

Which statement correctly locates the formation of the Earth and the appearance of the first humans on the cosmic calendar, which compresses the 14- billion year history of the universe into one "year," where "now" is exactly midnight, Dec 31?

• A)Earth forms in early September, life begins in November, and humans appear on Dec 15.
• B)Earth forms in early September, life begins in late September, humans appear a few hours before midnight, Dec 31.
• C)Earth forms in January, life begins in April, and humans appear in early December.
• D)Earth forms in January, life begins in September, and humans appear in October.

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Definitions:

Equity Method

An accounting technique used for recording investments in associate companies where the investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the investee’s net assets.

Journal Entries

The method by which all business transactions are recorded in a company's accounting system, using debits and credits.

Other Comprehensive Income

Portions of total comprehensive income of a company not realized in net income, including items like foreign currency translation adjustments or unrealized gains on securities.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that aims to standardize accounting practices globally.