Mary Leakey's Discovery of Fossil Footprints in Volcanic Ash at Laetoli

question 45

Multiple Choice

Mary Leakey's discovery of fossil footprints in volcanic ash at Laetoli was important because:

• A) it warned locals of the presence of a nearby active volcano.
• B) fossil animal footprints had never before been discovered.
• C) the volcanic ash had preserved the footprints of at least two bipedal hominids.
• D) it proved that hominids manufactured and used stone tools prior to the origin of bipedalism.

Identify and understand the different types of adjusting entries.

Differentiate between prepaid expenses, accrued expenses, unearned revenues, and accrued revenues.

Calculate depreciation and understand its impact on financial statements.

Comprehend the importance of matching expenses with revenues in the correct accounting period.

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Definitions:

Salesperson

An individual who sells products or services to customers, often directly interacting with them to facilitate sales.

Correct Action

The implementation of a decision or strategy that is deemed appropriate or beneficial in a particular situation to achieve a desired outcome.

Boomerang Close

A sales technique where objections from the customer are turned into reasons why they should make the purchase.

Rephrased Objection

A reworded or reinterpreted objection or concern raised typically in a negotiation or discussion.