Two of the Oldest Flowering Plant Fossils Are Known to Belong

question 3

Multiple Choice

Two of the oldest flowering plant fossils are known to belong to the genus ____, and are thought to have lived during the early ____ period.

• A) Archaefructus ; Cretaceous
• B) Archaefructus ; Carboniferous
• C) Amborella; Cretaceous
• D) Amborella ; Carboniferous
• E) Eucalyptus ; Cretaceous

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Definitions:

Inventory Shortage

The situation where the actual inventory on hand is less than what is recorded in the accounting records.

Inventory Count

The physical verification of the quantities and condition of items held in inventory, typically conducted periodically.

Gross Profit Method

An inventory estimation technique that calculates the cost of goods sold to estimate the ending inventory balance.

Purchase Returns

Purchase returns involve goods sent back to the supplier, usually due to defects, inaccuracies, or dissatisfaction, resulting in a refund or credit.