The Zone That Is Exposed Only During Spring Tides Is

question 18

Multiple Choice

The zone that is exposed only during spring tides is called:

• A) lower intertidal.
• B) subtidal.
• C) Laminaria.
• D) seagrass.
• E) splash.

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Definitions:

Indirect Method

A way to report cash flows from operating activities by starting with net income and adjusting for non-cash transactions.

Accrual Earnings

Earnings that are recognized when revenues are earned and expenses are incurred, not necessarily when cash is received or paid.

Reconciliation

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.

Direct Method

The Direct Method in accounting is a way to present the cash flow statement, showing actual cash receipts and payments, directly reporting major classes of gross cash receipts and payments.