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.

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Definitions:

Aggregate Field

In database and spreadsheet software, an aggregate field calculates the sum, average, count, max, or min of data values in a collection of records or cells.

Calculated

Describes a value or result obtained through a mathematical process or computation.

Customer Number

is a unique identifier assigned to individuals or entities to track their transactions or interactions with a business.

Uppercase

Capital letters used in writing to denote importance, to start sentences, or for proper nouns.