Match the Type of Account (A Through E) with the Business

question 6

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Retainer fee received from a client for future legal representation.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Extended an Offer

The act of presenting someone with a proposal or opportunity, typically for employment or a commercial agreement.

Respondeat Superior

Respondeat superior is a legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Ethically Appropriate

Actions or decisions that align with principles of moral conduct and social values.

Misrepresentation

An untruthful assertion by one of the parties about a material fact.