An Account Linked with Another Account That Has an Opposite

question 99

Multiple Choice

An account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a(n) :

• A)Accrued expense.
• B)Contra account.
• C)Accrued revenue.
• D)Intangible asset.
• E)Adjunct account.

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Definitions:

Native Tribes

Indigenous peoples with distinct cultures, languages, and traditions, often associated with a specific territory or geographic area.

Great Plains

A broad, flat region in the United States characterized by its extensive grasslands, stretching from the Mississippi River to the Rocky Mountains.

Reservation Policy

A policy regarding the designation of specific territories exclusively for Native American tribes, often associated with forced relocations and cultural disruption.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.