Identify the Account Below That Impacts the Equity of a Business

question 181

Multiple Choice

Identify the account below that impacts the Equity of a business:

• A)Utilities Expense
• B)Accounts Payable
• C)Accounts Receivable
• D)Cash
• E)Unearned Revenue

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Definitions:

Legal Theories

Intellectual frameworks designed to understand, explain, and predict the application of law and legal systems, including doctrines and principles underlying legal decisions.

Interprets Evidence

The act of explaining or giving meaning to evidence, typically within a legal context to support a case.

Attorney-Client Privilege

A legal principle that protects communication between a lawyer and their client from being disclosed to third parties, including courts.

Violation

The act of breaching, disregarding, or infringing upon a law, agreement, or prescribed rule.