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Read the Paragraph Below and Answer the Questions That Follow

question 18

Multiple Choice

Read the paragraph below and answer the questions that follow.
(1) When it comes to cleanliness, homeowners seem to fall into one of three categories. (2) The first group includes the spotless perfectionists. (3) These people would be horrified if anyone walked into their home and found even one speck of dirt, so they are constantly cleaning. (4) Everything they own is always in its place and dust-free. (5) The second group of homeowners is the complete opposite. (6) They are the slobs. (7) Visit their houses, and you will see dirty clothes and empty cans and pizza boxes strewn about. (8) Every available surface will be covered with stuff that looks like it belongs somewhere else, and the floor will be in need of some serious mopping. (9) The third group falls somewhere in the middle between these two extremes. (10) They tend to keep clutter at bay, and they probably clean house about once a week. (11) You might see a fine layer of dust or a dirty dish or two, but otherwise, the house is relatively tidy.
How many categories are there?

Definitions:

Accounts Receivable

Outstanding amounts that customers owe to a business for delivered goods or services yet to be paid for.

Supplies Expense

Costs associated with the consumable items used in the daily operations of a business, which may include office or manufacturing supplies.

Buildings

Assets classified in accounting, representing structures owned by a business for purposes such as offices, manufacturing, or storage.

Prepaid Insurance

Insurance premiums paid in advance by a company, which are recorded as an asset on the balance sheet until the coverage period lapses.