Match the Term or Person with the Appropriate Phrase

question 32

Multiple Choice

Match the term or person with the appropriate phrase. You may use each answer once, more than once or not at all.
-Magellan

• A)first European explorer to see the Pacific Ocean
• B)led voyage that first circumnavigated the globe
• C)used ecological approach to solve fisheries problem
• D)mapped world with Roman knowledge showing latitude and longitude
• E)first determination of Earth's circumference
• F)led voyage that first used the marine chronometer
• G)made important observations about drift of sea ice
• H)mapped the Mediterranean Sea for the Greeks
• I)established impermanent settlement in North America and the first Europeans to explore Iceland and Greenland
• J)incorrectly concluded that no life exists in deep ocean

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Definitions:

Single-Line Consolidation

A method of accounting in which an investor records the value of its investment in a subsidiary at cost plus any changes due to the investor's share in the subsidiary's income or loss, displayed in a single line in financial statements.

Equity Method

An accounting technique used by a company to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted for the investor’s share of the investee’s net assets and income.

Investment Balance

The amount currently held in investment accounts, reflecting gains, losses, and contributions to date.

Consolidations

The process of combining multiple financial statements or businesses into one comprehensive financial report or corporate entity, typically to provide a more unified view of financial performance or corporate structure.