The Hydrologic Cycle

question 102

Multiple Choice

The hydrologic cycle

• A)defines the volume of water in the oceans and lakes on Earth.
• B)defines the flow of water between water bodies,but cannot be used to quantify the water in lakes and seas.
• C)only describes how water moves from frozen to liquid on the continents.
• D)is a system that describes and explains all water on Earth.
• E)describes water volumes,but cannot define energy flows.

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Definitions:

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjusting entries are made, ensuring that total debits equal total credits.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time, detailing assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income.

Net Income

Represents the amount of earnings left over after all expenses, taxes, and costs have been deducted from total revenue, often considered a key indicator of a company's profitability.