Trout Are Introduced into a Stream

question 78

Multiple Choice

Trout are introduced into a stream. Trout is a predator species and therefore has an influence on the population size of other fish. The following figure shows how the trout and other fish populations vary over time. The progress of time is shown by the direction of the arrow. What happens to the size of the trout population at point P?

• A)It will be stable.
• B)It will be at a maximum.
• C)It will be at a minimum.
• D)Nothing can be determined.

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Definitions:

Annual Depreciation

The amount of depreciation expense allocated for a fixed asset in one year, based on the asset's useful life and cost.

Prepaid Expense

An asset account that represents costs paid in advance for expenses that will be incurred within a future accounting period.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the ledgers.

Accrual Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.