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

question 93

Short Answer

Match the type of account (a - e) with the business transactions that follow.
-Received payment covering a 6-month magazine subscription.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these

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

---

Definitions:

U.S. Treasury Bills

Short-term government securities issued by the United States Department of the Treasury with maturity periods typically up to one year.

Utility Function

A mathematical representation that shows the relationship between a consumer's level of satisfaction and quantities of consumed goods or services.

Pope And Young Score

A scoring system used to measure the size and symmetry of big game animals' antlers and horns, often for record-keeping or hunting achievement purposes.

Hunting Stand

A structure used by hunters to elevate themselves above the ground to improve visibility and shooting range on their prey.