Which One of the Following Groups of Accounts Contains Only

question 65

Multiple Choice

Which one of the following groups of accounts contains only liabilities?

• A)Accounts payable, retained earnings, notes payable.
• B)Supplies expense, cost of goods sold, interest expense.
• C)Wages payable, mortgage payable, taxes payable.
• D)Contributed capital, accounts payable, retained earnings.

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Definitions:

Machiavellianism

A personality trait focusing on manipulativeness, deceitfulness, and a disregard for morality to achieve one's goals.

Ingratiation

A social influence tactic aimed at making oneself more likable or acceptable to others, often by using flattery or other forms of strategic behavior.

Assertiveness

is the quality of being self-assured and confident without being aggressive, enabling effective communication and boundary setting.

Silent Authority

A form of power or influence exerted by an individual based on their position or role within an organization, without explicitly manifesting it.