The Major Property That Differentiates a Dwarf Planet from a Major

question 71

Multiple Choice

The major property that differentiates a dwarf planet from a major planet is that dwarf planets

• A) are not perfect spheres.
• B) are composed of mostly water ice.
• C) are found beyond Neptune's orbit.
• D) are not the single dominant object in their orbit.
• E) may not have moons.

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Definitions:

Fair Value Option

An accounting choice that allows companies to report financial assets and liabilities at their fair values, with changes in fair value recognized through profit or loss.

Unrealized Holding

Unrealized holding refers to profits or losses on investments or assets that have increased or decreased in value but have not yet been sold or realized.

Bond Liability

Bond liability is the amount owed by a bond issuer to bondholders, including both the principal amount borrowed and any accrued interest, until the bond matures.

Futures Contract

A standardized legal agreement to buy or sell a specific commodity or financial instrument at a predetermined price at a specified time in the future.