Which of the Following Accounts Would Appear in the Income

question 45

Multiple Choice

Which of the following accounts would appear in the Income statement credit column?

• A)Prepaid insurance
• B)Unearned service revenue
• C)Depreciation expense
• D)Service revenue

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Definitions:

Crash Cost

The additional cost incurred to reduce the duration of a project activity or the entire project.

Normal Duration

The typical time it takes to complete an activity or task under normal circumstances, without any delays or accelerations.

Crash Cost

The additional cost associated with reducing the time (crashing) required to complete a project or a phase of a project beyond normal expectations.

Time Savings

The reduction in the amount of time required to complete a task or project, often leading to efficiency improvements.