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

question 155

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Received payment covering a six-month magazine subscription.

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

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the true value of a population parameter with a certain level of confidence.

Population Proportions

The ratio of members in a population that have a particular attribute over the total number of members in the population.

Point Estimate

A single value or statistic that is used to estimate the value of a population parameter.

Population Proportions

The fraction or percentage of a population that exhibits a specific characteristic or attribute.