Which of the Following Group of Accounts Are All Assets

question 83

Multiple Choice

Which of the following group of accounts are all assets?

• A) Cash, Accounts Payable, Buildings
• B) Accounts Receivable, Revenue, Cash
• C) Prepaid Expenses, Buildings, Patents
• D) Unearned Revenues, Prepaid Expenses, Cash

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Definitions:

Administrative Expenses

Costs related to the general operation of a company, including expenses such as rent, salaries of administrative staff, and office supplies.

Patient-Visits

A measure used in healthcare to quantify the number of encounters a patient has with medical professionals.

Spending Variance

is the difference between the budgeted amount of expenses and the actual amount spent.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for better performance evaluation.