All of the Following Statements Are True of Ocean Sediments

question 6

Multiple Choice

All of the following statements are true of ocean sediments except:

• A)ocean sediments are thickest in pelagic waters overlying the oceanic ridges.
• B)ocean sediments can include the fossilized remains of ancient marine life.
• C)ocean sediments may form from the remains of living organisms falling to the ocean floor.
• D)ocean sediments include the remains of ancient rocks of cosmic origin.
• E)ocean sediments may be composed of chemical precipitates such as calcium carbonate or manganese dioxide.

---

Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Prepaid Insurance

An asset account that represents the amount of insurance premium payments made in advance for coverage extending beyond the current accounting period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Insurance Expense

The cost incurred by a company to insure its assets, operations, or liabilities over a certain period.