Forests and Other Natural Ecosystems, Such as Wetlands, Exhibit the "Sponge

question 39

Multiple Choice

Forests and other natural ecosystems, such as wetlands, exhibit the "sponge effect," meaning that they

• A) soak up water from runoff and rainfall, and thus accumulate pollutants.
• B) soak up water from runoff and rainfall, releasing it at a regular rate that moderates flooding of streams and rivers.
• C) soak up pollutants from runoff and rainfall, releasing it quickly into streams and rivers and raising their levels.
• D) draw water away from rivers and streams, lowering their levels.
• E) soak up water from runoff and rainfall, saturating nearby ecosystems.

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Definitions:

Closing Entries

Made at the end of the accounting period to transfer balances in temporary (income statement) accounts to Retained Earnings and to establish a zero balance in each of the temporary accounts for beginning the next accounting period.

Account Balances

The total amount of money in an account at a certain point in time, which can represent assets or liabilities depending on the account type.

Temporary Accounts

Accounts that are cleared out at the end of each accounting period, including revenues, expenses, and dividends accounts.

Permanent Accounts

Balance sheet accounts that carry their ending balances into the next accounting period, including assets, liabilities, and equity accounts.