Which of the Following Accounts Is NOT a Real Account

question 87

Multiple Choice

Which of the following accounts is NOT a real account?

• A) Dividends
• B) Cash
• C) Accounts Payable
• D) Retained Earnings

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Definitions:

High Price

A price level that is significantly above the average or expected price for a product or service, often due to demand exceeding supply or premium offerings.

Total Utility

The entire enjoyment experienced from the use of a particular quantity of goods or services.

Marginal Utility

The supplementary enjoyment or advantage gained by a customer from the consumption of one more unit of a good or service.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service relative to its market price, indicating the economic benefit to consumers.