One Important Reason We Do Not Know Much About the Geologic

question 80

Multiple Choice

One important reason we do not know much about the geologic history of the Precambrian is that ________.

• A)rocks did not exist during much of that time
• B)the climate was so harsh that erosion removed most of the rocks that formed during the Precambrian.
• C)radioactivity was not measurable during the Precambrian
• D)we have not yet been able to establish the half-lives for radioactive elements that existed in the Precambrian
• E)there are very few fossils preserved in Precambrian rocks

---

Definitions:

LLC's

Stands for Limited Liability Companies, a business structure in the U.S. that offers personal liability protection to its owners but can be taxed as a partnership.

S Corporations

A special designation of corporation that allows income to be taxed only at the shareholder level, avoiding double taxation.

Flow-Through Entities

Entities through which income flows to the owners or investors, avoiding corporate income tax.

Schedule E

A tax form used to report income and losses from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.