Which of the Following Is a True Statement

question 55

Multiple Choice

Which of the following is a true statement?

• A)Revenue accounts are a subset of assets,and expense accounts are a subset of liabilities.
• B)Both revenue accounts and expense accounts are subsets of contributed capital.
• C)Both revenue accounts and expense accounts are subsets of retained earnings.
• D)Revenue accounts are a subset of cash,and expense accounts are a subset of accounts payable.

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Definitions:

Annual Review

A yearly evaluation, often in the context of employment, where an individual's performance, achievements, and goals are assessed.

Performance Standards

Benchmarks established to measure and evaluate the effectiveness and efficiency of an employee's work output or organizational processes.

Test-retest Reliability

A measure of the consistency of a psychological test or assessment over time, indicating the stability of scores upon repeated applications of the test under similar conditions.

Consistency

The quality of achieving a uniform, standard performance or outcome over time, often considered important in both personal habits and organizational processes.