Which of the Following Statements Would Need to Be Documented

question 32

Multiple Choice

Which of the following statements would need to be documented in a report?

• A) Hurricane Ike caused extensive loss of property and lives in Texas.
• B) You can get an idea of how dangerous a hurricane is by its rating.
• C) Damaging wind and flooding rains, common in strong hurricanes, caused problems for Texas during Hurricane Ike.
• D) The Saffir-Simpson hurricane scale rates hurricanes with wind speeds of 114 to 131 knots as Category 4 storms.

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Definitions:

Additional Paid-in Capital

Additional paid-in capital represents the amount investors have paid for shares above the nominal value during public offerings or private placements.

Date of Acquisition

The specific date on which an asset is purchased or acquired by an entity.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which is often a minimal amount that bears no relation to its market price.

Common Stock

Shares representing ownership in a corporation, entitling holders to a portion of the company's profits through dividends and voting rights.