Which Statement Is FALSE About the Effects That Floods

question 23

Multiple Choice

Which statement is FALSE about the effects that floods can have?

• A) Floods can supply nutrients to soils for farming.
• B) Floods can clear ecosystems of debris.
• C) Floods can supply sediments to build up the elevation of land.
• D) Floods can bring nutrients to ecosystems.
• E) Flooding has no positive effects; it is always bad for human interests.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies.

Intra-entity Gross Profit

The profit recognized on transactions conducted within the same entity, not realized in consolidated financial statements until the transactions affect an external party.

January 1 Retained Earnings

The amount of earnings retained in a company as of the beginning of the fiscal year, not distributed to shareholders in the form of dividends.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies by reporting these profits as income.