Which of the Following Accounts Probably Would Be Listed After

question 187

Multiple Choice

Which of the following accounts probably would be listed after the others in a chart of accounts?

• A) Accumulated Depreciation-Buildings
• B) Insurance Expense
• C) Dividends
• D) Notes Payable

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Definitions:

Fixed Dollar Amount

A specific, unchanging sum of money that does not vary with circumstances, often used in contracts or financial agreements.

Tax

A mandatory financial charge or levy imposed by a government on individuals or corporations to fund government spending and public expenditures.

State and Local Government

Various levels of government beneath the federal level, including states, cities, and counties, responsible for local governance and policy implementation.

Employees

Individuals who are hired by a business or organization to perform tasks and services in exchange for compensation.