Which of the Following Statements About the Problem of Acid

question 15

Multiple Choice

Which of the following statements about the problem of acid rain is accurate?

• A)The 1990 amendments to the Clean Air Act addressed the problem of acid rain by requiring the installation of scrubbers in most electric generating facilities.
• B)The 1970 Clean Air Act addressed the problem of acid rain by providing for an emission trading scheme.
• C)The 1990 amendments to the Clean Air Act addressed the problem of acid rain by instructing electric generating facilities to build tall smokestacks.
• D)The 1970 Clean Air Act addressed the problem of acid rain by requiring the installation of clean-coal technologies.

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Definitions:

Revenues

The total amount of money received by a company from its business activities, such as sales of products or services, before any deductions.

Revenue Recognition Principle

An accounting principle that determines the specific conditions under which revenue is recognized and recorded.

Unearned Revenues

Money received by a company for a service or product that has yet to be delivered or provided.

Accrual Accounting

An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.