The Oldest Rocks on the Ocean Floors Are About ________

question 4

Multiple Choice

The oldest rocks on the ocean floors are about ________ years in age.

• A)50,000
• B)one million
• C)200 million
• D)2 billion
• E)4.5 billion

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Definitions:

Carrying Amount

The book value of an asset or liability in a company's financial statements, based on its original cost adjusted for factors such as depreciation or amortization.

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event or set of circumstances.

Probable

A term signifying a high likelihood or certainty that a future event will occur.

Estimable

Capable of being approximated or determined in value, often referring to an amount or value in accounting.