Which of the Following Accounts Is a Permanent Account

question 164

Multiple Choice

Which of the following accounts is a permanent account?

• A) Interest Expense
• B) Gain on Sale of Equipment
• C) Patents
• D) Bad Debt Expense

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Definitions:

Selman's Stages

A framework proposed by Robert Selman outlining the stages of social perspective-taking development in children, reflecting how they understand others' thoughts and feelings.

Self-Reflective

Having the ability or tendency to think about and analyze one’s own thoughts, feelings, and behaviors.

Math Problems

Challenges or exercises requiring counting, calculation, and logical reasoning skills, often used in educational settings to develop numerical and critical thinking abilities.

Efficient Strategies

Approaches and methods that achieve desired outcomes with the least amount of wasted time, effort, or resources.