The ________ Is the Average Number of Years Between Floods

question 51

Multiple Choice

The ________ is the average number of years between floods.

• A)discharge limit
• B)annual probability
• C)recurrence interval
• D)flood-hazard gap

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the proper period.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Closing Entry

A journal entry made at the end of an accounting period to transfer the balances of temporary accounts to a permanent account.

Adjusting Entry

An accounting record posted at the closing of a financial period to assign revenues and expenses to the time they were incurred.