Fossils Can Be Used to Determine the Relative Age of Rock

question 5

Multiple Choice

Fossils can be used to determine the relative age of rock layers because they are

• A)found in a definite order.
• B)deposited horizontally,one fossil at time.
• C)radioactive.
• D)found in sedimentary rocks.

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Definitions:

Merchandise Purchased

Represents the total cost of goods bought for resale during a specific accounting period.

Credit Balance

A situation where the total credits in an account exceed the total debits, commonly seen in liability, revenue, and equity accounts.

Freight Out

The cost associated with transporting goods from a company to its customers, considered a selling expense.

Purchase Discounts

Reductions in the cost price of goods or services, offered by suppliers to buyers as an incentive for early payment.