Examlex
Which one of the following statements is correct for displaying the value in the second row and the third column of a two-dimensional, size 3 by 4 array?
Decrease in Assets
A reduction in the value or quantity of the assets held by a company.
Common Stock
A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on a portion of its profits or losses.
Revenue
The overall income that a corporation gathers from the sales of merchandise or offering of services throughout a designated period.
Prepaid Insurance
An asset account that represents insurance payments made in advance of the coverage period, to be expensed as the insurance coverage is used up.
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