Uniformitarianism Is the Theory That

question 22

Multiple Choice

Uniformitarianism is the theory that

• A) the earth is very old, based on geologic evidence from stratigraphic layers in Scotland.
• B) the natural processes operating today are the same as the natural processes that operated in the past.
• C) the uniformity of species is derived from the common ancestor of all species.
• D) processes such as earthquakes are evidence supporting catastrophism as proposed by Lamarck.

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Definitions:

Accruing Interest

The process of recognizing interest expense or income that has been incurred but not yet paid or received, over a period of time.

Depreciation Expense

An accounting method that allocates the cost of tangible assets over their useful lives, reflecting the reduction of value over time.

Previously Accrued Wages

These are wages that have been earned by employees but have not yet been paid out by the company.

Operating Income

Earnings generated from a company's regular business operations, excluding deductions of interest and taxes.