Which of the Following Accounts Does Not Have a Normal

question 4

Multiple Choice

Which of the following accounts does not have a normal credit balance?

• A)Contributed capital
• B)Accounts Payable
• C)Service Revenue
• D)Rent Expense

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Definitions:

Substitution Effect

The economic principle that as prices rise or incomes decrease, consumers replace more expensive items with less costly alternatives.

Dr. Pepper

A popular brand of carbonated soft drink, recognized for its unique blend of 23 flavors.

Utility-Maximizing

The economic principle where individuals or firms make choices that lead to the highest level of satisfaction or profit.

Satisfaction

The fulfillment or gratification of a need, desire, or appetite, often used in the context of consumer experiences with goods or services.