Which of the Following Is Not a True Statement

question 1

Multiple Choice

Which of the following is not a true statement?

• A) Radioactive materials in rocks are used by geologists as clocks to record the age of a rock
• B) Meteorites found on Earth cannot be older than the age of the Earth
• C) Geologists estimated the Earth's age to be about 4.6 billion years old based on evidence from the Moon and the meteorites that had fallen from our Solar System to the Earth's surface
• D) The primordial Earth had no crust, oceans, and an atmosphere different from modern time
• E) James Hutton recognized that the rocks he studied must have been older than modern human existence since it took so long for the rocks to weather and be redeposited elsewhere

---

Definitions:

Mark-Up

The amount added to the cost price of goods to cover overhead and profit; a percentage over cost.

Impairment Loss

A decrease in the recoverable amount of an asset below its carrying amount, leading to a reduction in the value recorded on the balance sheet.

Carrying Value

The net book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Bond Discount

is the difference between the face value of a bond and its selling price when the bond is sold for less than its face value.