Identify the Account Below That Is Classified as an Asset

question 155

Multiple Choice

Identify the account below that is classified as an asset account:

• A) Accounts Payable
• B) Unearned Revenue
• C) J. Jackson, Capital
• D) Service Revenue
• E) Supplies

---

Definitions:

Disclaimer

A statement that denies responsibility intending to prevent civil liability arising for particular acts or omissions.

Threat Of Extortion

The act of using threats or intimidation to compel someone to provide money, property, or favors against their will.

Undue Influence

A legal term describing a situation where an individual is able to persuade another's decisions due to the relationship between the two parties, often leading to unfair outcomes.

Duress Of Goods

A situation where goods are obtained or retained through coercion, or the wrongful collection of goods under pressure.