Which of the Following Is Not an Example of a Fossil

question 32

Multiple Choice

Which of the following is not an example of a fossil fuel?

• A)wood
• B)oil
• C)natural gas
• D)coal

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Definitions:

Owners' Equity

The total value that the owners or shareholders have invested in a company minus any liabilities the company has.

Assets

Resources owned by an individual or business with economic value expected to provide future benefits.

Liabilities

Financial obligations or debts that a company or individual is responsible for repaying.

Accruals

The accounting principle that revenue and expenses are recorded when they are incurred, regardless of when cash is exchanged.