Pangaea Is Believed to Have Broken Up About How Many

question 25

Multiple Choice

Pangaea is believed to have broken up about how many years ago?

• A) 2000 million
• B) 2 million
• C) 20 million
• D) 200 million

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Definitions:

Inventory Costing Method

A system used to assign costs to inventory and determine the cost of goods sold, examples include FIFO, LIFO, and weighted average.

Declining Prices

A market condition where the prices of goods or services decrease over time, often indicating a surplus or decreased demand.

Net Income

The net income of a business, which is obtained by deducting all costs and taxes from its total revenue.

Physical Count

The actual tallying of inventory goods a company has on hand to verify stock levels and assess the need for adjustment in accounting records.