Choose the Response That Includes All the Items Listed Below

question 48

Multiple Choice

Choose the response that includes all the items listed below that are pure substances.
i. orange juice
ii. steam
iii. ocean water
iv. oxygen
v. vegetable soup

• A) i, iii, v
• B) ii, iv
• C) i, iii, iv
• D) iv only
• E) all of them are pure

---

Definitions:

Unearned Revenue

Money received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet until earned.

Accounts Receivable

Unpaid amounts due to a company from its clients for delivered or utilized goods or services awaiting payment.

Land

It refers to the earth's surface extending downward to the center and upward to infinity, including permanently attached natural objects, and is considered a non-depreciable asset in accounting.

Journalizing

The process of recording transactions in the journal in chronological order, marking the first step in the accounting cycle.