The Pace of Evolution Does Not Always Occur at a Constant

question 44

Short Answer

The pace of evolution does not always occur at a constant rate but is periodically interrupted by rapid bursts of speciation; this is known as _________ ________.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Deferred Taxes

are taxes that are accumulated due to temporary differences between the accounting income and taxable income, and will be paid or received in the future.

Consolidated Statement

Financial statements that aggregate the financials of a parent company and its subsidiaries, presenting the finances as if the group were a single entity.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without adjusting for changes in market value unless there is a decline in value judged to be other than temporary.