The US General Mining Act of 1872, Although Encouraging to the the Domestic

question 48

Multiple Choice

The U.S. General Mining Act of 1872, although encouraging to the domestic mining industry, also ______________

• A) has allowed mining in urban centers with dense commercial development
• B) has pollution and remediation clauses that are too strict
• C) opens mining rights to foreign nations which stake claims on U.S. land
• D) makes mining unprofitable except for the largest corporations
• E) gives away resources located on public land almost for free and is subject to fraudulent claims

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Definitions:

Normal Debit Balance

Refers to the side (debit or credit) on which an account will typically report a balance, with assets and expenses usually having a normal debit balance.

Recorded By Credits

Transactions that increase liabilities, equity, or revenue, or decrease assets or expenses, reflected in the accounting records.

Increases

A rise in the value or quantity of something, such as assets, revenue, or profits.

Recorded By Debits

Transactions in accounting that increase assets or expenses and decrease liabilities, equity, and revenue, captured on the left side of an account.