Which of the Following Is TRUE Regarding Daylength

question 77

Multiple Choice

Which of the following is TRUE regarding daylength?

• A)The people living at 40° N or S latitude experience about six-hours difference in daylength from winter to summer.
• B)Daylength varies more at the equator than at higher latitudes.
• C)Nowhere on Earth does daylength vary by as much as 24 hours.
• D)The equator experiences at least six-hours difference in daylength from winter to summer.

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Definitions:

Adjusting Entries

Journal entries made in accounting at the end of a reporting period to allocate income and expenditures to the period in which they actually occurred.

Periodic Inventory

A periodic inventory system is an accounting method where inventory levels and cost of goods sold are updated in the ledger at the end of an accounting period, rather than tracking each sale or purchase individually.

Perpetual Inventory

A method used in inventory accounting that immediately notes the sale or acquisition of inventory through computerized point-of-sale systems and enterprise asset management software.

Inventory Accounting Systems

Methods used by companies to keep track of their inventory levels, costs, and value, including systems like FIFO, LIFO, and weighted average.