Which of the Following Statements Is True of Energy Sources

question 26

Multiple Choice

Which of the following statements is true of energy sources in the United States?

• A) U.S. oil production, which rose sharply after 1985, began to decline again in 2009.
• B) Low natural gas prices plus new air-pollution regulations have made coal uncompetitive as a source of electricity.
• C) The United States is not in favor of using nuclear energy as it releases greenhouse gases.
• D) The Obama administration approved the construction of the Keystone XL pipeline along the U.S. Gulf Coast.
• E) Imports of natural gas are cost-effective as natural gas can be transported by ship efficiently.

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Definitions:

Accounts Payable

Liabilities of a business that are due to vendors or suppliers for goods or services received that have not yet been paid for.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business.

Subsidiary Ledger

A ledger containing all the details of a general ledger account, allowing for more detailed information and analysis of that account.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflow transactions.