Which of the Following Is Not a Piece of Evidence

question 3

Multiple Choice

Which of the following is not a piece of evidence supporting the idea that an impact caused the mass extinction that occurred 65 million years ago?

• A)Fossilized dinosaur bones contain fragments of rock from the impact.
• B)Unusually large abundances of iridium and other rare metals are found in a layer of clay that dates to 65 million years ago.
• C)A large impact crater along the coast of Mexico dates to 65 million years ago.
• D)Grains of quartz formed under high pressure are found in a layer of clay that dates to 65 million years ago.

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Definitions:

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.

Cash Basis

An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out, without regard to when the transactions actually occur.

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for changes in non-cash accounts to compute net cash provided by operating activities.

Patent Amortization

The gradual expense recognition of a patent's cost over its useful life to reflect the consumption of the patent's value over time.