In 2010, the Dead Zone in the Gulf of Mexico

question 56

Essay

In 2010, the dead zone in the Gulf of Mexico expanded because of the unprecedented oil spill caused by the Deepwater Horizon oil well explosion. The leaked oil killed wildlife and caused unprecedented environmental damage. Bacteria came to the rescue. Discuss.

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Definitions:

Expense

An expense constitutes the money spent or cost incurred in an organization's efforts to generate revenue, representing the consumption of assets.

Liability Account

A financial accounting ledger that represents debts or obligations a company owes to others.

Asset Account

An account that records the value of assets owned by an individual or organization, including cash, equipment, and inventory.

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to generate wealth through investment or production.