The End of the Permian Period Was Characterized by a Mass

question 37

Multiple Choice

The end of the Permian period was characterized by a mass extinction of

• A)shallow-water marine invertebrates.
• B)dinosaurs and other large reptiles.
• C)small mammals.
• D)large mammals.

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Definitions:

Deposits In Transit

Refers to money that has been received and recorded by a business but has not yet been recognized by the bank by the end of the accounting period.

Outstanding Checks

Checks that have been written and recorded in a company's financial records but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been deposited by a company but not yet credited to its bank account.

NSF Check

A check that has been declined by a bank due to insufficient funds in the account it was drawn on.