What Is a Transform-Fault Boundary

question 515

Multiple Choice

What is a transform-fault boundary?

• A) a place where two crustal plates meet and, as a result, one plate is forced down beneath the other
• B) a place where crustal plates collide head on
• C) a place where crustal plates are separating from each other
• D) a place where crustal plates collide while moving perpendicular to the boundary between them and grind against one another

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Definitions:

Dividends Declared

The announcement by a company's board of directors that a dividend will be paid to the shareholders, which establishes a liability for the company.

Services Performed

Refers to completed or rendered services that a company has provided to its customers, typically leading to service revenue.

Credit

Credit involves the granting of a loan or the creation of debt, where the borrower is obliged to pay back the amount at a later date, often with interest.

Recording Revenue

Recording revenue entails documenting the income a company receives from its business activities, such as the sale of goods and services, in the financial records.