Which of the Following Is Not Considered a Renewable Resource

question 83

Multiple Choice

Which of the following is not considered a renewable resource:

• A) wind.
• B) sunlight.
• C) oil.
• D) All of these are renewable resources.

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Definitions:

Income Summary

An account used in the closing process during the accounting cycle that summarizes revenues and expenses before transferring the net amount to retained earnings.

Net Income

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenues, also known as net earnings or net profit.

Adjust Salaries

The process of modifying the amount of wages or salaries paid to employees, which may be done for reasons such as performance appraisals or inflation adjustments.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits.