Continental Drift Caused the Large Supercontinent That Existed During the Paleozoic

question 42

Multiple Choice

Continental drift caused the large supercontinent that existed during the Paleozoic era to separate into a northern continent, called ____, and a southern continent, called ____.

• A) Pangaea; Laurasia
• B) Laurasia; Gondwana
• C) Gondwana; Laurasia
• D) Pangaea; Gondwana
• E) Gondwana; Pangaea

---

Definitions:

Dividends Payable

Refers to the amount of dividend that a company has declared to distribute to its shareholders but has not yet paid out.

Ex-dividend Basis

A stock trading status indicating that the security is sold without the right to receive the next dividend payment.

Consolidation

The process of combining the financial statements of separate subsidiaries, divisions, or entities under a single parent company to produce a unified set of financial statements.

Gain on Bargain Purchase

The excess of the fair value of the net assets acquired over the consideration paid in a business combination.