A Chart of Accounts Usually Starts with

question 77

Multiple Choice

A chart of accounts usually starts with

• A) asset accounts.
• B) expense accounts.
• C) liability accounts.
• D) revenue accounts.

---

Definitions:

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for a business or investment.

Call Premium

The additional amount above the exercise price that one must pay to purchase a call option.

Put Premium

The price that a put option buyer pays to acquire the right to sell a specified quantity of an asset at a predetermined price before the option expires.

Exotic Options

Non-standard options that have more complex features than common American or European options, often including different pay-off structures or the ability to trade on more unusual underlying assets.