Which of the Following Accounts Is an Example of an Owner's

question 44

Multiple Choice

Which of the following accounts is an example of an owner's equity account?

• A) Accounts payable
• B) Equipment
• C) Cash
• D) Drawing

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Definitions:

Right-to-Work Laws

Statutes that provide workers with the choice to join or support a labor union without facing mandatory membership as a condition of employment.

Voluntarism

A philosophy or principle that promotes voluntary actions or services rather than those compelled by law.

Communism

A political and economic ideology advocating for the common ownership of the means of production and the absence of social classes, money, and the state.

Socialism

A political and economic ideology advocating for collective or governmental ownership and administration of the means of production and distribution of goods.