Match Each of the Following Events with the Correct Time

question 16

Multiple Choice

Match each of the following events with the correct time period.
-origin of mammals; Pangaea begins to break up

• A)Archaean
• B)Cambrian
• C)Silurian
• D)Devonian
• E)Carboniferous
• F)Permian
• G)Triassic
• H)Jurassic
• I)Cretaceous
• J)Paleocene

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, considered a non-operating expense on the income statement.

Commercial Bank

A financial institution that offers a broad range of deposit accounts, including business loans, retail banking, and other financial services.

Discounts a Note

The process of reducing the face value of a promissory note, usually to accelerate cash flow or recognize interest income prior to its receipt.

Note Matures

The point in time when a promissory note, bond, or other financial instrument's principal is due to be paid back.