If Climate Change Occurs to a Significant Degree, It Is

question 4

Multiple Choice

If climate change occurs to a significant degree, it is likely to have all of the following consequences, EXCEPT

• A)melting of the polar ice caps.
• B)lower sea levels.
• C)changing rainfall patterns.
• D)more intense tropical storms.
• E)longer growing season in Canada.

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Definitions:

Operating Leases

An agreement that allows for the use of an asset but does not grant ownership rights of the asset to the lessee.

Loss Contingency

A potential financial liability that may occur depending on the outcome of a future event.

IFRS

International Financial Reporting Standards, a set of global accounting standards developed by the International Accounting Standards Board.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a common set of accounting rules and standards for financial reporting.