Democritus' Atomistic Philosophy Argued That the Basic Element or Substance

question 19

Multiple Choice

Democritus' atomistic philosophy argued that the basic element or substance is

• A) none of the following.
• B) water.
• C) fire.
• D) relationships.

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Definitions:

Straight-line Method

A technique for computing depreciation or amortization that evenly divides the asset's cost over its expected lifespan.

Bond Liability

An obligation or debt represented by bonds issued by a company, which it is required to repay at a specified time with interest.

Effective Interest Method

An accounting technique used to allocate the interest expense or income of a bond over its life in a way that yields a constant rate of return.