Which of the Following Describes the Tsunami in Lituya Bay

question 50

Multiple Choice

Which of the following describes the tsunami in Lituya Bay, Alaska in 1958?

• A) M 9 earthquake triggered a 10 m tsunami (up to 40 m high in certain locations), which caused the meltdown of 3 nuclear reactors and killed more than 20,000 people in a country that has many high seawalls that were built to protect it from tsunamis.
• B) M 9 earthquake triggered a 10 m tsunami, which was the deadliest tsunami ever, killing more than 200,000 people in several countries.
• C) M 7.7 earthquake triggered a massive landslide, which fell into the water and caused water to surge over 500 m above the normal water level.
• D) Volcanic explosion caused part of the volcano to collapse into the ocean, producing a 35 m tsunami that killed 36,000 people.

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Definitions:

Goodwill

An intangible asset representing the excess value paid over the net fair value of identifiable assets and liabilities during an acquisition.

Parent-Company Extension Method

An accounting technique used to consolidate the financial statements of a parent company and its subsidiaries, where the entire business is treated as an extension of the parent company.

Goodwill

A non-physical asset that is created when one company is bought by another for an amount exceeding the fair market value of the acquired company's net identifiable assets.

Non-Controlling Interest

The portion of equity ownership in a subsidiary not attributed to the parent company, often reflected in the consolidated financial statements.