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

question 139

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Provided tutoring for a student that will be invoiced next month.

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

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Definitions:

Obedience

The act of following orders or directions from authority figures, often studied in psychology to understand the extent and limits of social influence.

Reciprocity

A social norm of responding to a positive action with another positive action, fostering mutual benefit and cooperation.

Mere-Exposure Effect

A mental effect in which individuals naturally favor items or concepts they recognize due to their familiarity.

Halo Effect

A cognitive bias where the perception of one positive trait in an individual leads to the assumption of other positive traits or abilities.