What Type of Account Appears on the Financial Statements of Manufacturing

question 68

Multiple Choice

What type of account appears on the financial statements of manufacturing firms only?

• A)bonds payable
• B)materials inventory
• C)prepaid insurance
• D)retained earnings

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Definitions:

Scientific Process

A systematic method of inquiry involving observation, experimentation, hypothesis development, and data analysis to gain understanding of natural phenomena.

Postpositivism Paradigm

A philosophical approach that acknowledges the existence of objective reality but recognizes the limitations of knowledge in understanding it, often associated with scientific inquiry.

Social World

The sphere of human interaction and relationship within societal constructs.

Objective Computers

Computational devices designed and used for specific tasks without subjective bias.