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

question 143

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Annual depreciation on equipment, recorded on a monthly basis.

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

---

Definitions:

Federal Preemption

A legal doctrine that allows federal law to take precedence over state laws in certain areas, preventing states from enacting conflicting legislation.

State Laws

Legal regulations and statutes enacted by individual states within a country, as opposed to federal laws.

Equal Protection

A principle found in the 14th Amendment to the United States Constitution, requiring that states guarantee the same rights, privileges, and protections to all citizens.

Interstate Commerce

Interstate Commerce involves business transactions or the movement of goods and services across state lines within the United States, regulated by federal laws.