Which of the Following Accounts Would Appear in the Income

question 91

Multiple Choice

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

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

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Definitions:

Human Capital

The collective skills, knowledge, and abilities that employees bring to their workplace, contributing to its value and competitiveness.

Automated Processes

Systems or operations that are performed with minimal human intervention, often using technology.

Unique Talents

Distinctive or exceptional abilities or aptitudes that an individual possesses, setting them apart from others.

Competitive Strategy

The plan or approach a business takes to position itself advantageously in the market and gain superiority over its competitors.