The Feature Pictured Below Formed as

question 6

Multiple Choice

The feature pictured below formed as

• A)an island flanked by coral sank.
• B)mass wasting caused the highest parts of a hill to move downslope until nothing was left in the middle.
• C)oceanic sea-floor spreading occurred in a circular pattern.
• D)a recent explosive volcanic eruption left only the sides of the volcano remaining.

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Definitions:

Net Sales

The amount of revenue generated from sales of goods or services after deducting returns, allowances, and discounts.

Adjusting Entry

A journal entry made in the accounting records to update the balances of certain accounts and accurately reflect the financial position before preparing financial statements.

Bad Debt Expense

An expense reported on the income statement, reflecting the cost of accounts receivable that are not expected to be collected.

Allowance Method

An accounting technique used to estimate uncollectible accounts receivable and adjust for bad debts.