Why Are Many Petroleum and Mineral Deposits Found at Ancient

question 15

Multiple Choice

Why are many petroleum and mineral deposits found at ancient convergent boundaries?

• A) The lack of subduction prevented the deposits from being carried into the mantle.
• B) Ophiolites have thrust natural resources to Earth's surface.
• C) The absence of hydrothermal activity allowed materials to consolidate.
• D) Heat is generated at convergent boundaries.
• E) Divergent and transform plate boundaries do not generate heat and pressure.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices used in the United States to ensure financial statements are consistent and transparent.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock, measuring its profitability on a per-share basis.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.