It Has Become Widely Proclaimed in Our Society That the Opportunity

question 28

Multiple Choice

It has become widely proclaimed in our society that the opportunity for education is __________.

• A)a right
• B)a privilege
• C)the same for all
• D)available to only a few

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Definitions:

Credit Side

The right side of an accounting entry, indicating increases in liabilities, revenues, and equity, and decreases in assets and expenses.

Normal Balance

The side (debit or credit) on which increases to an account are recorded, depending on the type of account.

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during the course of business operations.

Revenue Account

An account that tracks the income generated from a company's primary operations.