In Which of the Following Situations Would Secondary Rather Than

question 62

Multiple Choice

In which of the following situations would secondary rather than primary succession be most likely to occur?

• A) on an island that has just risen out of the ocean
• B) on bare ground exposed by the retreat of a glacier
• C) on the surface of recently cooled lava
• D) in a forest that had burned to bare ground

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Definitions:

Noncontrolling Interest

Represents the equity interest in a portion of a subsidiary's net assets that is not attributable directly or indirectly to the parent company.

Common Stock

A type of equity security that represents ownership in a corporation, with holders usually having a vote in corporate decisions but in the last in line during liquidation.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often receiving dividends before common shareholders and having a fixed dividend rate.

Intra-Entity Transaction

Transactions that occur between two segments within the same company.