Judge the Following Sentence According to the Criteria Given Below

question 73

Multiple Choice

Judge the following sentence according to the criteria given below. Continental crust dominated by rocks older than 1 billion years but no ocean crust older than 180 million years exists because oceanic crust is created at mid-ocean ridges.

• A) The assertion is correct but the reason is incorrect.
• B) The assertion is incorrect but the reason is correct.
• C) The assertion and the reason are both correct, and the reason is valid.
• D) The assertion and the reason are both correct, but the reason is invalid.
• E) Both the assertion and the reason are incorrect.

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Definitions:

Fees Revenue

Income earned from providing services, as opposed to selling goods.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated to depreciation expense since the asset was put into use.

Fees Earned

Revenue earned from providing services, as opposed to selling goods.

Income Summary

An account used in the closing process that summarizes the revenues and expenses of an accounting period.