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The following questions refer to the description and figure below.
The figure represents a cross section of the sea floor through a mid-ocean rift valley, with alternating patches of black and white indicating sea floor with reversed magnetic polarities. At the arrow labelled "I" (the rift valley) , the igneous rock of the sea floor is so young that it can be accurately dated using carbon-14 dating. At the arrow labeled "III," however, the igneous rock is about 1 million years old, and potassium-40 dating is typically used to date such rocks. Note: The horizontal arrows indicate the direction of sea-floor spreading, away from the rift valley.
-How many other bands of sea-floor crust in the figure have the same magnetic polarity as the crust that directly straddles the rift valley?
Subsidiary
A company controlled by another company (the parent company) through ownership of more than 50% of its voting stock.
Goodwill
An intangible asset that arises when a buyer acquires an existing business and pays more than the fair value of the identifiable net assets.
Equity Method
This accounting approach is used to assess the contribution of investments in other entities to the investor's financial health, altering the investment's value on the balance sheet based on the investor's share of the entities' net assets.
Retained Earnings
The portion of a company's profits not distributed as dividends to shareholders but retained by the company for reinvestment in its operations or to pay debt.
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