Identify Which of the Following Accounts Appear on a Balance

question 197

Multiple Choice

Identify which of the following accounts appear on a balance sheet.

• A) Service revenue
• B) Cash
• C) Common stock
• D) Accounts payable
• E) Rent expense
• F) Supplies
• G) Land

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Definitions:

Continental Shelf

The extended perimeter of each continent, lying relatively shallow in the ocean, where the seabed is at a gentle slope before a steep drop off to the ocean floor.

Passive Margin

The transition between oceanic and continental lithosphere that is not an active plate boundary.

Oceanic Crust

The relatively thin part of the Earth's crust that underlies the ocean basins, composed mostly of basalt and gab-bro.

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