Which Statement Is Not Correct

question 19

Multiple Choice

Which statement is not correct?

• A)The three phases in mining activities are: mineral exploration, development and extraction.
• B)The accounting for mineral exploration is conceptually similar to that for research activities.
• C)Mineral exploration costs can be capitalized because markets for mineral resources are well established.
• D)A mineral site entering the development phase would normally satisfy the six criteria required for capitalization.

---

Definitions:

Repudiation

The rejection or denial of a duty, obligation, or contract.

Anticipatory Breach

An expressed or implied declaration by one party to a contract that they do not intend to fulfill their future obligations under the contract.

Express Breach

A clear and definitive violation of a contract's terms, explicitly stated within the agreement.

Dock Strike

A work stoppage or labor strike involving dock workers, often due to disputes over pay, working conditions, or labor practices.