If We Model the History of the Universe as a Single

question 42

Multiple Choice

If we model the history of the universe as a single day, at what time would the first Homo sapiens appear?

• A) 11:59:58.5 P.M.
• B) 11:59:20 P.M.
• C) 11:35:00 P.M.
• D) 10:00 P.M.
• E) 6:00 P.M.

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Definitions:

Recognized

In accounting, recognized refers to the formal acknowledgment in financial statements that a transaction or event has impacted the entity's financial position or performance.

Book Value

The net value of a company's assets as found on its balance sheet, and is calculated by subtracting liabilities from the value of assets.

Depreciable Asset

An asset that diminishes in value over time due to use, wear and tear, or obsolescence, which can be deducted over its useful life.

Market Value

The current price at which an asset or a service can be bought or sold in a marketplace.