The Impact That Created the Sudbury Basin 1

question 48

Multiple Choice

The impact that created the Sudbury Basin 1.85 million years ago

• A) was created by an asteroid impact.
• B) was responsible for the extinction of the dinosaurs.
• C) created a large, deep crater that is now a lake.
• D) created the world's richest nickel-copper mining district.
• E) created a crater that extended to Minnesota.

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Definitions:

Non-Operating Gains

Income from activities not related to a company's core operations such as profits from investments, property sales, or currency exchange.

Retirement of Notes Payable

The process of paying off or settling a debt obligation represented by promissory notes.

Cash Flows from Operating Activities

The section of a company's cash flow statement that represents the amount of money a company brings in from its regular business activities.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, representing the asset's wear and tear, deterioration, or obsolescence.