Identify the Account Below That Is Classified as an Asset

question 15

Multiple Choice

Identify the account below that is classified as an asset in a company's chart of accounts:

• A)Accounts Receivable
• B)Accounts Payable
• C)Owner's Capital
• D)Unearned Revenue
• E)Service Revenue

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Definitions:

Polyisobutylene

A synthetic rubber, or elastomer, made from the polymerization of isobutylene, used in a variety of applications including sealants and adhesives.

Cyclic Product

A chemical compound that forms a ring structure during a chemical reaction.

Ring Closing Metathesis

A form of metathesis reaction that forms cyclic compounds by the rearrangement of carbon-carbon double bonds.

Octa-1,7-diene

An organic compound with the formula C8H14, characterized by a linear chain of eight carbon atoms with double bonds at the first and seventh positions.