Which of the Following Is an Example of a Nonrenewable

question 3

Multiple Choice

Which of the following is an example of a nonrenewable natural resource?

• A)tin
• B)petroleum
• C)gold
• D)All of the above are correct.

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Definitions:

Credit Balance

The amount of money a business owes to its creditors, represented as a liability on the balance sheet.

Gain on Sale of Land

The financial profit earned from selling land for more than its purchase cost.

Interest Revenue

Income earned from lending money or through investments that pay interest, contributing to a company's overall revenue.

Rent Expense

An expense incurred for using a property or location for business purposes.