Which of the Following Accounts Would Have a Balance That

question 41

Multiple Choice

Which of the following accounts would have a balance that carries over from one period to the next?

• A)Revenue
• B)Insurance expense.
• C)Prepaid insurance.
• D)Dividends declared.

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Definitions:

Collaboration

The act of working together with one or more individuals to complete a task or achieve a goal.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Exchange Tactic

A strategy used in negotiations or interactions, where one party offers something in return for something from the other party.

Explicit Offers

Direct and clear proposals or opportunities presented by one party to another, leaving little to no room for misunderstanding or ambiguity.