The Mass Extinction Event at the End of the Mesozoic

question 21

Essay

The mass extinction event at the end of the Mesozoic Era (the K-T extinction)is hypothesized as the result of extraterrestrial impact.Discuss the evidences and consequences of such an impact.

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Definitions:

Receivables

Amounts owed to a company by its customers for goods or services provided on credit.

Internal Control

Strategies and systems put in place by an organization to maintain the reliability of its financial and accounting data, encourage responsible behavior, and deter deceitful practices.

Invoice Approval

The process of reviewing and verifying invoices from suppliers before payment is made, to ensure that the charges are correct and services or goods were received.

Bonded

Refers to a business or individual that has purchased a surety bond, a type of insurance policy that protects against losses caused by the bonded party.