Which of the Following Is an Example of an Asset

question 22

Multiple Choice

Which of the following is an example of an asset account?

• A)Payroll Tax Expense
• B)Revenue
• C)Salaries Payable
• D)Cash

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Definitions:

Federal Election Commission

An independent regulatory agency created to enforce the laws that govern the financing of federal elections in the United States.

Campaign Expenditures

The funds that political candidates and parties spend on electoral campaigns, covering expenses such as advertising, staffing, and event organization, subject to regulatory limits and reporting requirements.

African American

A term that refers to Americans of African ancestry, highlighting their cultural, historical, and social experiences distinct within the broader American context.

Civil Rights Legislation

Laws passed to protect individuals' freedoms and rights from infringement, primarily focusing on eliminating discrimination and ensuring equal rights under the law.