Which Classification Is Utility Wax

question 14

Multiple Choice

Which classification is utility wax?

• A) Pattern
• B) Processing
• C) Impression
• D) Study

---

Definitions:

Owner's Capital

The total equity or financial contribution provided by the owner(s) of a business.

Prepaid Insurance

An asset account that represents payments made for insurance coverage before the coverage period.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure accuracy.

Accounts Receivable

Dues from clients to a corporation for goods or services already benefited from but yet to be paid for.