What Is an Unintended Result of the Bakken Boom

question 6

Multiple Choice

What is an unintended result of the Bakken boom?

• A)increase in air pollution
• B)increased the crime rate
• C)road destruction
• D)increased water pollution
• E)All of the answers are unintended results.

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Definitions:

Supplies Account

An account that tracks the cost of supplies on hand and consumed by a business, which can be adjusted through adjusting entries for accurate financial reporting.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.

Prepayment Accounts

Accounts used to record expenses that have been paid in advance and are recognized incrementally as expenses over time.

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.