Natural resources are generally shown on the balance sheet under
A) Intangible Assets.
B) Investments.
C) Property, Plant, and Equipment.
D) Owner's Equity.

Question

Quizplus · Accepted Answer

Natural resources such as oil reserves, minerals, and timber tracts are tangible assets that provide economic benefits to a business. They are classified under Property, Plant, and Equipment (PPE) on the balance sheet, as they are physical, long-term assets used in the operations of a business.

Natural Resources Are Generally Shown on the Balance Sheet Under