Which of the Following Accounts Are Included in an Income

question 103

Multiple Choice

Which of the following accounts are included in an income statement?

• A)Land, Salaries Payable
• B)Owner's Name, Capital, Owner's Contribution
• C)Furniture, Cash
• D)Service Revenue, Utilities Expense

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Definitions:

Organization Size

A measure of the scale of an organization, typically based on the number of employees, the extent of its operations, or its market reach.

Geographical Location

The specific physical place where something is situated, often described in terms of latitude, longitude, and other geographical markers.

ERG Theory

A theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, serving as an extension of Maslow's hierarchy of needs.

Need For Achievement

A psychological drive that motivates individuals to attain success and excellence in their endeavors.