Albert Einstein, Whose Ideas Were the Basis for the Development

question 67

Multiple Choice

Albert Einstein, whose ideas were the basis for the development of nuclear weapons, predicted that World War IV would be fought with

• A) even more destructive nuclear weapons.
• B) low yield tactical nuclear weapons that would devastate an enemy without causing widespread devastation.
• C) electromagnetic pulse weapons capable of shutting down all communication.
• D) sticks and stones.
• E) conventional weapons.

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Definitions:

Temporary Accounts

Accounts that are closed at the end of each accounting period; examples include revenue, expense, and dividend accounts.

Owner's Capital Account

An account that represents the total equity or ownership interest of the owner(s) in a business, reflecting contributions and withdrawals.

Closing Entries

Entries recorded at the conclusion of an accounting cycle to shift balances from temporary to permanent accounts.

Ledger

A book or other collection of financial accounts where all transactions are summarized and recorded.