Choose from the Following List of Account Titles the One

question 165

Multiple Choice

Choose from the following list of account titles the one that most accurately fits the description of that account or is an example of that account.An account title may be used more than once or not at all.
-Ten acres of land used as the site for a factory

• A)Cash
• B)Prepaid Asset
• C)Investments
• D)Taxes Payable
• E)Preferred Stock
• F)Accounts Receivable
• G)Land
• H)Accounts Payable
• I)Retained Earnings
• J)Notes Receivable
• K)Buildings
• L)Notes Payable
• M)Common Stock

---

Definitions:

Decreasing Rate

A situation where the rate or speed of a process or value is diminishing over time.

Full Employment GDP

An economic condition where all available labor resources are being used in the most efficient way possible, reflecting the highest level of economic output.

Unemployment Level

The fraction of working-age individuals without a job, yet actively trying to find one.

Output

The complete volume of goods or services created by a firm, industry, or the economy as a whole.