The Theory of Plate Tectonics Describes Movement of Plates of the Earth's

question 22

Multiple Choice

The theory of plate tectonics describes movement of plates of the Earth's crust through time.Which of the following can you deduce from what you learned in this chapter about plate tectonics?

• A)The continental plates have stopped moving,so continents are now in their final locations.
• B)Some other organisms must have speciation patterns similar to those of ratites due to plate tectonics.
• C)All distributions of animals on land can be explained by vicariance events due to past plate movements.
• D)None of the above statements is true.

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Definitions:

Provisions

Liabilities of uncertain timing or amount, recorded to account for future obligations or potential losses.

Contingent Liabilities

Possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.

Contingent Assets

Possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of certain future events not wholly within the control of the company.

Constructive Obligation

An obligation that derives from an entity’s actions where: (a) by an established pattern of past practice, published policies or a sufficiently specific current statement, the entity has indicated to other parties that it will accept certain responsibilities; and (b) as a result, the entity has created a valid expectation on the part of those other parties that it will discharge those responsibilities.