The Largest Portion of Fresh Water Today Is Located in

question 61

Multiple Choice

The largest portion of fresh water today is located in

• A) clouds.
• B) groundwater resources.
• C) ice caps and glaciers.
• D) the major rivers and lakes of the world.

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Definitions:

LIFO Method

An inventory management and valuation approach where the last items placed in inventory are the first ones sold.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to ensure financial statements are consistent and transparent.

IFRS

International Financial Reporting Standards - a set of accounting guidelines that provide the basis for cross-border financial reporting.

Specific Identification

An inventory valuation method in which the cost of each specific item in inventory is tracked and used to calculate cost of goods sold.