A Good Example of a Present- Day, Passive Continental Margin

question 29

Multiple Choice

A good example of a present- day, passive continental margin is the___________ .

• A)east coast of North America
• B)east coast of the Japanese Islands
• C)north flank of the East Pacific Rise
• D)west coast of South America

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Definitions:

Ending Retained Earnings

The portion of net income left after dividends have been distributed to shareholders, reflected at the end of an accounting period.

Work Sheet

A work sheet is an informal business document used for preparing financial statements and facilitating the end-of-period accounting process, often in an Excel spreadsheet or similar format.

Adjusting Entries

These are journal entries made in an accounting system to update account balances prior to preparing financial statements, ensuring that all revenues and expenses are recorded in the appropriate periods.

Work Sheet

An informal financial statement usually used internally to prepare financial statements and support accounting operations.