In Your Travels Through Space, If You Were to Encounter

question 37

Multiple Choice

In your travels through space, if you were to encounter a planet that was large but had no atmosphere, only pools of liquid, what might have happened?

• A)The planet's atmosphere escaped into space because the force of gravity was too low.
• B)The planet's atmosphere escaped because it was heated too hot and boiled into space.
• C)The atmosphere never formed because there was not enough heat energy available.
• D)Only planets with life have an atmosphere.
• E)none of the above

---

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Liquidity

The ability to convert assets into cash.

Noncurrent Assets

Long-term assets not expected to be converted into cash within a year, such as property, plant, and equipment.

Uncollectible

Refers to debts or receivables that are deemed not recoverable and are therefore written off as a loss.