The Generally Accepted Scientific Theory for the Origin of Our

question 47

Multiple Choice

The generally accepted scientific theory for the origin of our Moon involves

• A) impact between the Earth and a protoplanet during the Hadean.
• B) simultaneous formation of the Earth and the Moon in neighboring parts of the Solar System 4.6 billion years ago.
• C) gravitational capture of the Moon by the Earth during the Hadean.
• D) gravitational capture of the Earth by the Moon during the Archean.

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Definitions:

Accrual Accounting

A financial recording technique that logs income and expenditures at the time they are accrued or incurred, irrespective of the actual cash flow timing.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.

Sales

The total amount of revenue generated from goods or services sold by a business.

Adjusting Entries

Adjusting entries are journal entries made in accounting at the end of an accounting period to update the accounts and ensure they reflect the true financial position of the business.