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Which of the following accounts will be included in a post-closing trial balance?
Non-regenerative Resources
Resources that cannot be replenished or renewed after their consumption, such as fossil fuels and minerals.
Full Cost Method
An accounting method used in the oil and gas industry, where all exploration, development, and production expenses are capitalized rather than expensed.
Successful Efforts Method
An accounting approach used in the oil and gas industry where costs are capitalized only if successful in finding hydrocarbons.
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