The Earliest Australopithecines First Show Up in the Fossil Record

question 1

Multiple Choice

The earliest australopithecines first show up in the fossil record more than

• A)1 mya.
• B)2 mya.
• C)500,000 years ago.
• D)4 mya.

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Definitions:

LIFO Inventory

An inventory valuation method where the last items to enter inventory are the first ones to be used or sold.

Periodic Inventory

An inventory accounting system where the inventory is updated and the cost of goods sold is calculated at the end of a period instead of after each sale.

Inventory Balance

Refers to the total value of all inventory a business has in stock at a specific point in time, including raw materials, work-in-progress, and finished goods.

Replacement Cost

The amount required to replace an asset at current prices, ensuring similar functionality or capacity.