Which of the Following Is Not a Common Resource

question 122

Multiple Choice

Which of the following is not a common resource?

• A)clean air
• B)clean water
• C)open grazing land
• D)national defense

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Definitions:

Normal Credit Balance

The usual balance side of an account, considered a credit for liability, revenue, and equity accounts.

Sales Discounts

A reduction from the gross or total price of goods or services offered by the seller to the buyer under certain conditions.

Liquidity

A measure of how quickly and easily assets can be converted into cash without significant loss in value.

Accounts Receivable

Funds that clients owe to a company for products or services delivered on credit.