As a Result of Climate Change,the Number of Category 4

question 9

Multiple Choice

As a result of climate change,the number of Category 4 and 5 hurricanes has increased by how much worldwide since 1990?

• A) doubled
• B) decreased by fifty percent
• C) tripled
• D) stayed the same
• E) decreased by ten percent

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Definitions:

Adjusting Entry

Adjusting entries are journal entries made in accounting to update ledger accounts at the end of a reporting period, ensuring that revenues and expenses are recognized in the period they occur.

Insurance Policy

A contract between an insurer and a policyholder that specifies the terms for the payment of claims in the event of a covered loss.

Insurance Expense

The cost allocated to a period for holding insurance policies, protecting against various risks.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in a net income or loss.