Which of the Following Accounts Would Appear in the Income

question 110

Multiple Choice

Which of the following accounts would appear in the income statement debit column?

• A)Unearned Service Revenue
• B)Service Revenue
• C)Depreciation Expense
• D)Prepaid Insurance

Recognize the governance and operation structures of corporations, partnerships, and limited liability companies.

Identify the tax implications and liability issues for various business forms.

Understand the creation, operation, and termination of franchises.

Recognize laws and acts governing partnerships, corporations, and limited liability companies.