Oil wells and coal mines used in the normal course of business would appear in which balance sheet section?
A) Property, plant, and equipment
B) Investments
C) Current assets
D) Intangible assets

Question

Quizplus · Accepted Answer

Oil wells and coal mines are typically considered property, plant, and equipment, as they are tangible assets used in the normal course of business operations. They are not classified as investments, current assets or intangible assets.

Oil Wells and Coal Mines Used in the Normal Course