Which of the Following Is Not a True Statement

question 54

Multiple Choice

Which of the following is not a true statement?

• A) Mudstone is made up of tiny clay minerals but is still considered a clastic sedimentary rock
• B) If you were in a swamp where a lot of peat was forming, this material could turn into coal over geologic time with heat and pressure
• C) Chert is an organic sedimentary rock made up of very finely crystallize quartz
• D) If you found halite in the field, you have discovered a chemical sedimentary rock that is an evaporite
• E) All limestone rocks are clastic sedimentary rocks

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Definitions:

Times Interest Earned

A financial ratio measuring a company's ability to meet its interest obligations from operating earnings, calculated as income before interest and taxes divided by interest expense.

Interest Expense

The financial outlay associated with an entity's use of borrowed resources over time.

Times Interest Earned Ratio

A financial metric used to measure the company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reflected in income statements as a cost of financing operations.