Temporary Accounts Include All of the Following Except

question 140

Multiple Choice

Temporary accounts include all of the following except:

• A)Consulting revenue.
• B)Dividends.
• C)Rent expense.
• D)Prepaid rent.
• E)Income Summary.

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Definitions:

Per Month

A time frame or billing period referring to the activities or costs accrued within a single month.

Monopolist

An individual or entity that has exclusive control over the supply or trade of a commodity or service in a particular market.

Economic Efficiency

A condition in which resources are distributed in a manner that optimizes the creation of goods and services while minimizing expenses.

Demand Conditions

The market requirements and consumer preferences that influence the demand for goods and services, including price, quality, and accessibility.