Identify the Account Below That Is Classified as an Asset

question 151

Multiple Choice

Identify the account below that is classified as an asset in a company's chart of accounts:

• A)Accounts Receivable
• B)Accounts Payable
• C)Common Stock
• D)Unearned Revenue
• E)Service Revenue

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Definitions:

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used therapeutically to modify behaviors and alleviate symptoms.

Relaxation Training

Techniques aimed at reducing stress and tension, including exercises like deep breathing, meditation, or progressive muscle relaxation.

Mindfulness Meditation

A practice of focused attention and awareness on the present moment, often used as a technique to manage stress, reduce anxiety, and promote emotional health.

Temporary Assistance

Governmental programs designed to provide financial aid or support to individuals or families in need for a limited period of time.