The Primary Difference Between Renewable and Nonrenewable Natural Resources Is

question 30

Multiple Choice

The primary difference between renewable and nonrenewable natural resources is that:

• A) renewable resources can be recycled, but nonrenewable resources cannot.
• B) renewable resources are replenished over a short time, while nonrenewable resources are finite or are replenished only over long periods of time.
• C) renewable resources are primarily mineral resources, while nonrenewable resources are mostly energy resources.
• D) at any point in time there is an infinite supply of all renewable resources, but nonrenewable sources must be replenished over time.

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Definitions:

Allowance Method

An accounting technique used to account for bad debts, estimating uncollectible accounts as an expense to the income statement and reducing accounts receivable on the balance sheet.

Allowance Method

An accounting technique used to estimate and account for bad debts by establishing an allowance for doubtful accounts.

Bad Debts Expense

An expense reported on the income statement, accounting for the estimated amount of accounts receivable that are not expected to be collected.

Allowance Method

The allowance method is an accounting technique used to estimate and prepare for the amount of accounts receivable that may not be collectible.