Which of the Following Can Be a Renewable Resource

question 120

Multiple Choice

Which of the following can be a renewable resource?

• A)oil
• B)timber
• C)coal
• D)iron ore
• E)uranium

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Definitions:

IFRS

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

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles used in Canada for privately held companies.

Historical Cost Principle

An accounting principle that assets should be recorded and presented in the financial statements at their original purchase cost.

Stable Unit

A financial assumption that the value of currency will remain relatively stable over time, affecting long-term economic projections.