Bulk Flow Represents a Case of Convergent Evolution

question 8

Multiple Choice

Bulk flow represents a case of convergent evolution. If bulk flow was a synapomorphy of land plants, then:

• A)all land plants would use bulk flow.
• B)bulk flow would have been lost in some of the moss groups.
• C)algae would also exhibit bulk flow because they are a sister group to land plants.
• D)simple multicellular plants would also have bulk flow.

Assess the impact of geographic segment reporting within U.S. GAAP framework.

Distinguish between required and non-required disclosures in interim financial reports under U.S. GAAP.

Evaluate the handling of unusual items and changes in accounting principles in interim financial statements.

Understand the requirements for reporting segment information in interim financial reports.

---

Definitions:

Degree of Operating Leverage

A ratio that measures the sensitivity of a company's operating income to a percentage change in revenue.

High-low Method

A technique used in accounting and finance to estimate variable and fixed components of a cost based on the highest and lowest activity levels.

Cost Analysis

The process of assessing the costs involved in carrying out a particular business activity or project.

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of production.