Use the Figure for the Question(s) Below

question 6

Multiple Choice

Use the figure for the question(s) below

-The above screen shot from Google Finance shows the basic stock information for the Commonwealth Bank of Australia after the close of business on 12 April 2010. How many shares of CBA had been traded on the ASX on this date?

• A) 1.4 million
• B) 89 billion
• C) 1.3 billion
• D) 59 billion

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Definitions:

Ore

A naturally occurring solid material from which a metal or valuable mineral can be profitably extracted.

Depletion Expense

A charge against profits representing the reduction in value of a natural resource as it is extracted or consumed.

Mining Property

Land or rights to land that are held for the purpose of extracting minerals, oil, or gas.

Ore

A naturally occurring solid material from which a metal or valuable mineral can be extracted profitably.