Which of the Following Is Not a Permanent Account

question 51

Multiple Choice

Which of the following is not a permanent account?

• A) Cash
• B) Common Stock
• C) Insurance Expense
• D) Accounts Payable

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Definitions:

Beneficence

Always striving to do what is good and acting in the best interest of your client.

Best Interests

A principle used to guide decisions made on behalf of others, ensuring that the outcomes serve the individual's overall welfare and benefits.

Ethical Decision Making Model

A structured approach to solving ethical dilemmas, often involving the consideration of moral principles, stakeholder impacts, and possible outcomes.

Sequential Approach

A methodical process that involves following a specific order or sequence of steps to achieve a goal.