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Scenario
Several studies involving molecular analyses of Comb jellies, also known as sea gooseberries, cast doubt on the theory that sponges are the oldest animal phylum. Reported results of the studies suggested that Comb jellies, more complex animals having muscles and a nervous system, may actually be the true, first phylum of animals that diverged from a metazoan common ancestor. However, in 2015, a team of scientists re-analyzed the genetic data in the Comb jellies research with more specialized methods, and they determined that sponges were indeed the oldest animal phylum.
-Suppose that the re-analysis of the genetic data confirmed that Combjellies are the oldest animal phylum. It is therefore likely that their complex traits, such as organ systems, would probably have been present in the common ancestor as well. Therefore, any organisms that would have diverged from the common ancestor after the comb jellies, such as sponges, should likely have similar organ systems. What is the best hypothesis for why sponges do not have a nervous system?
Carrying Value
The book value of assets and liabilities recorded in the financial statements, often differing from the market value.
Net Realizable Value
The estimated selling price in the ordinary course of business minus the costs of completion, disposal, and transportation.
Accounts Receivable
The sum of money a company is entitled to receive from its customers for goods or services already delivered or used but not yet paid for.
Inventory
Inventory is the array of finished goods or goods used in production held by a company during its ordinary course of business.
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