Which One of the Following Items Appears on a Balance

question 46

Multiple Choice

Which one of the following items appears on a balance sheet?

• A)Accounts payable
• B)Sales revenue
• C)Utilities expense
• D)Cost of goods sold

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Definitions:

Price Increases

Occurs when the cost of goods or services rises over a period of time.

Demand for Good

Demand for good refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

Equilibrium Quantity

Equilibrium quantity is the quantity of goods or services supplied and demanded at the equilibrium price, where the quantity demanded equals the quantity supplied, leading to market stability.

Demand Decreases

A situation where the desire or need for a product or service declines, often leading to lower prices and adjustments in supply.