A Fault in Which the Footwall Has Moved Down Relative

question 24

Multiple Choice

A fault in which the footwall has moved down relative to the hanging wall is called a

• A)normal fault.
• B)reverse fault.
• C)transform fault.
• D)horizontal fault.

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Definitions:

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a residual claim on the company's assets and earnings.

Stockholders

Individuals or entities that own one or more shares of stock in a corporation, thus holding a portion of the company's equity.

Journal Entry

A record in the accounting books that notes all the financial transactions of a business.

Accounts Receivable

Money owed to a business by its clients (customers) resulting from the sale of goods or services on credit.