Which of the Following Accounts Would Appear in the Income

question 72

Multiple Choice

Which of the following accounts would appear in the Income statement credit column?

• A)Prepaid insurance
• B)Depreciation expense
• C)Service revenue
• D)Unearned service revenue

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Definitions:

General Knowledge

Broadly refers to information that is widely known by many people across various domains such as history, science, culture, and facts about the world.

Semantic Processing

The cognitive process involved in understanding and deriving meaning from words, sentences, and larger units of text or speech.

Iconic Memory

A type of visual sensory memory that holds a brief photographic image of a scene that has been observed, lasting for a very short period.

Procedural Memory

The type of long-term memory responsible for knowing how to do things, also known as muscle memory, enabling tasks without conscious thought.