Which of the Following Is Not Included in the Definition

question 1

Multiple Choice

Which of the following is not included in the definition of socioeconomic status as used in the United States?

• A) Education
• B) Family income
• C) Professional job status
• D) Social class

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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.