In What Order Would the Items on the Balance Sheet

question 75

Multiple Choice

In what order would the items on the balance sheet appear?

• A)Assets, retained earnings, liabilities, and contributed capital.
• B)Contributed capital, retained earnings, liabilities, and assets.
• C)Assets, liabilities, contributed capital, and retained earnings.
• D)Contributed capital, assets, liabilities, and retained earnings.

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Definitions:

Continental Drift

The hypothesis, now a scientific theory, that the Earth's continents have moved over geological time relative to each other, appearing to have "drifted" across the ocean bed.

Glacial Evidence

Glacial evidence comprises physical features left on the landscape that indicate the past presence and movement of glaciers, such as striations, moraines, and glacial erratics.

Wegener's Hypothesis

The theory proposed by Alfred Wegener suggesting that continents drift across the Earth's surface through geological time, which later became known as continental drift.

Continental Drift

The theory that the continents have moved across the Earth’s surface over geological time, proposed by Alfred Wegener.