Which of the Following Is an Example of a Positive

question 109

Multiple Choice

Which of the following is an example of a positive externality?

• A) banning the sale of candy in elementary schools
• B) planting trees along a sidewalk which add beauty and creates shade
• C) forbidding the use of cell phones in public
• D) prohibit street parking in all residential neighborhoods

Understand the use of derivative financial instruments in fair-value obligations.

Identify and explain the deficiencies of the modified cash basis in accounting for warranty costs.

Understand the accounting treatment of research and development costs under GAAP.

Identify the correct accounting for intangible assets with finite and indefinite lives.

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Definitions:

Ecdysozoa

A branch of the protostomes that includes animals that molt, such as the rotifers, nematodes, and arthropods.

Protostomes

A group in the animal kingdom characterized by the mouth developing before the anus during embryonic development.

Coelom

A fluid-filled body cavity found in most multicellular animals that is lined by tissue derived from mesoderm.

Flatworms

A group of invertebrates known for their flattened bodies, belonging to the phylum Platyhelminthes.