Pine Leaf Fascicles (Clusters) Usually

question 42

Multiple Choice

Pine leaf fascicles (clusters) usually

• A) remain for most of the life of the tree.
• B) are angular on all sides.
• C) all fall off, a few at a time, every growing season.
• D) consist of four to eight leaves or needles in all except one or two species.
• E) fall off within two to five years of their maturing.

---

Definitions:

Adjusting Entries

Entries necessary at the end of the accounting period to measure all revenues and expenses of that period and update assets and liabilities.

Effective-Interest Method

A technique used in accounting to amortize the discount or premium on bonds payable over the life of the bonds more accurately than the straight-line method.

Bonds

Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest payments and the return of the principal at maturity.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.