Which of the Following Is Considered a Permanent Account

question 7

Multiple Choice

Which of the following is considered a permanent account?

• A)Income Statement accounts.
• B)Balance Sheet accounts.
• C)All the above.
• D)None of the above.

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Definitions:

SWOT Analysis

A strategic planning tool used to identify and understand an organization’s Strengths, Weaknesses, Opportunities, and Threats.

Substitute Products

Products that serve as alternatives to each other; when the price of one increases, the demand for the alternative typically increases.

Regulations

Rules or directives made and maintained by an authority to control or govern behavior and practices within specific areas.

Diversification

A strategy of investing in a variety of assets to reduce overall risk.