The Keystone XL Pipeline ___________

question 46

Multiple Choice

The Keystone XL pipeline ___________

• A)carries natural gas from gas fields near Keystone, South Dakota, to the eastern United States
• B)is a hotly debated oil pipeline that would pass through Montana, Idaho, Utah, Nevada, and Arizona
• C)is a hotly debated pipeline that would carry petroleum from Canada to the southern United States
• D)carries petroleum from northern Alaska to the Gulf of Alaska
• E)would allow Canada to import more oil from Brazil

---

Definitions:

Operating Lease

A lease agreement that allows the use of an asset but does not convey rights of ownership to the lessee; expenses are typically reported as operating expenses in the income statement.

Operating Lease

A lease agreement allowing a lessee to use an asset temporarily without ownership, typically involving regular payments for a short to medium term.

Liability

Financial obligations or debts that a company or an individual owes to others, which are expected to be settled in the future.

Capital Lease

A lease agreement that grants the lessee control over an asset, and is recorded as an asset on their balance sheet, essentially treating it like a purchase.