Which of the Following Is a Nominal Account

question 72

Multiple Choice

Which of the following is a nominal account?

• A) Retained Earnings
• B) Income Taxes Expense
• C) Accumulated Depreciation-Furniture
• D) Retained Earnings.

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Definitions:

Positive Economics

The branch of economics that focuses on describing and explaining economic phenomena as it actually exists.

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The gases and particles that are released into the atmosphere by vehicles powered by internal combustion engines, contributing to air pollution.

Global Warming

Global warming is the long-term rise in Earth's average surface temperature, primarily due to human activities like burning fossil fuels, leading to climate change.

Global Temperatures

A measure of the average temperature of the Earth's surface, which has been increasing due to factors like greenhouse gas emissions.