Which of the Following Lists Contains, in This Order, Natural

question 111

Multiple Choice

Which of the following lists contains, in this order, natural resources, human capital, and physical capital?

• A)For a shoe factory: leather, hand tools, the managers' knowledge of shoe making.
• B)For a steel mill: the blast furnaces, the workers, iron ore.
• C)For an airline: oil used to make jet fuel, the pilots' knowledge of flying, jets.
• D)None of the above is correct.

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Definitions:

Unearned Service Revenue

Refers to the money received by a company for services it has yet to render.

Temporary Accounts

Accounts that track transactions within a fiscal period and are reset to zero at the start of the next period, including revenues, expenses, and dividends.

Owner's Drawings

Withdrawals of a company's earnings by the owner for personal use, affecting the owner’s equity account in a separately held business.

Accumulated Depreciation

This accounts for the total depreciation expenses charged against a fixed asset since it was put into use, reflecting the decrease in value of the asset.