Which of the Following Accounts Would Have a Balance That

question 41

Multiple Choice

Which of the following accounts would have a balance that carries over from one period to the next?

• A)Revenue
• B)Insurance expense.
• C)Prepaid insurance.
• D)Dividends declared.

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Definitions:

Credit Card Block

A restriction placed on a credit card by the issuer, temporarily or permanently preventing its use.

Marriott

An international hotel and lodging company known for its wide range of accommodations and hospitality services.

Outraged

Feeling strong anger, shock, or indignation, often as a reaction to something perceived as unjust or offensive.

Abandoned

In contract law, the condition that exists when a minor has left home and given up all rights to parental support.