Hazardous and Nonhazardous Wastes in Developing Countries Often End Up

question 49

Multiple Choice

Hazardous and nonhazardous wastes in developing countries often end up in open dumps.Which of the following is FALSE regarding open dumps?

• A)Open dumps attract pests such as flies and rats.
• B)Leachate from open dumps can contaminate groundwater.
• C)Sanitary landfills and open dumps are essentially the same thing.
• D)Open dumps are one of the cheapest ways to get rid of human trash.
• E)All of these answer choices are correct.

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Definitions:

Income Summary Account

An account used during the closing entry process to transfer the balances of temporary income and expense accounts to permanent accounts, such as retained earnings.

Closing Entries

Closing entries are journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the accounts for the next period.

Revenue Account Balance

The total amount of income generated from sales before any expenses are subtracted.

Expense Account Balance

The total amount recorded as expenditures by a company within a specific period, awaiting reimbursement or allocation.