Name the Property That Was Used in the Following Equation

question 334

Multiple Choice

Name the property that was used in the following equation.

• A) commutative property of multiplication
• B) associative property of multiplication
• C) associative property of addition
• D) distributive property

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Definitions:

Legal Fees Revenue

Income derived from fees charged for legal services provided.

General Journal

The general journal is a primary accounting record used to enter all transactions through debits and credits, serving as the initial point of data entry.

Accounts Receivable

Represents money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period, usually one year.