Which of the Following Is an Expense Account

question 99

Multiple Choice

Which of the following is an expense account?

• A)Prepaid Insurance
• B)Advertising
• C)Accounts Payable
• D)Cash

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Definitions:

Financial Investors

Individuals or institutions that allocate capital to various financial instruments or entities with the expectation of future financial return.

Stock Buyers

Individuals or entities that purchase shares of publicly traded companies with the intention of investment or gaining partial ownership.

Car Buyers

Consumers who are in the market to purchase a vehicle, representing a segment of the automotive market influenced by factors such as price, fuel efficiency, and brand loyalty.

Asymmetric Information

A situation where one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair advantage.