Examlex

Solved

The Early Earth Remained Molten Longer Than an Inert Mass

question 197

Multiple Choice

The early Earth remained molten longer than an inert mass its size might have been expected to if left undisturbed.Each of the following is thought to have contributed to this longevity EXCEPT ONE.Which is the exception?


Definitions:

Vouchers Payable

These are obligations or liabilities for goods and services received that are not yet paid for, usually validated by a voucher system.

Gross Method

An accounting practice where purchases are recorded at their full invoice price without deducting any purchase discounts taken.

Periodic Method

An accounting method where inventory purchases are recorded in a purchases account, with the inventory count and cost of goods sold calculated at the end of the accounting period.

Discounts Lost

A financial metric indicating the additional cost incurred by failing to take advantage of offered payment discounts by suppliers.

Related Questions