In 2006, a Wayward Oil Platform Was Carried Via Ocean

question 179

Multiple Choice

In 2006, a wayward oil platform was carried via ocean and wind currents to the remote island of Tristan da Cunha, bringing with it

• A) 30,000 rubber ducks, turtles, and frogs.
• B) a massive oil spill.
• C) 62 non-native marine species.
• D) much needed food and other supplies.

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Definitions:

Adjust Account Balances

The process of updating ledger accounts at the end of a period to reflect accurate financial information for reporting.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Revenues

The total income generated by a company from its business activities, such as the sale of goods or services, before any expenses are subtracted.

Withdrawals

Amounts of money taken out from a business by its owner(s) for personal use, reducing the equity in the business.