James Hutton and Charles Lyell Provided Which of the Following

question 32

Multiple Choice

James Hutton and Charles Lyell provided which of the following ideas that paved the way for Darwin's thinking?

• A) the surface features of Earth were formed by catastrophic events and the fossil record showed that species have evolved
• B) the surface features of Earth were formed by catastrophic events and those events are still occurring
• C) the surface features of Earth were formed gradually and the fossil record showed that species have evolved
• D) the surface features of Earth were formed slowly and gradually and the geological processes are still at work

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Definitions:

Fair Market Value

The price at which an asset would exchange hands between a willing buyer and seller, both having reasonable knowledge of all necessary facts.

Income Tax Method

When plant assets are exchanged, tax law says the gain or loss must be absorbed into the cost of the new asset.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment, intended to improve long-term operational efficiency.

Revenue Expenditures

Costs that are charged to expense as incurred and are primarily associated with the maintenance and repair of fixed assets or for benefits within the current period.