Which of the Following Items Would Appear on the Balance

question 63

Multiple Choice

Which of the following items would appear on the balance sheet?
Common stock……$120,000 Accounts payable…...$25,000
Cash……………….$116,640 Accounts receivable..$22,450
Supplies………… $ 1,500 Office equipment…...$23,300
Prepaid rent……....$ 3,200 Unearned revenue….$ 4,152
Service revenue.....$ 20,000 Utilities expense…....$ 422
Retained earnings...$ 30,000 Shaving equipment…$31,640

• A) Common stock, service revenue, retained earnings, accounts payable, and unearned revenue.
• B) Cash, supplies, prepaid rent, accounts receivable, office equipment, utilities expense, and shaving equipment.
• C) Common stock, cash, supplies, prepaid rent, retained earnings, accounts payable, accounts receivable, office equipment, unearned revenue, and shaving equipment.
• D) Service revenue and utilities expense.
• E) Service revenue, unearned revenue, and utilities expense.

Recognize the causes and consequences of malnutrition in less developed nations.

Analyze the role of globalization in health, specifically in disease transmission and public health initiatives.

Explain the significance of development status on countries’ health outcomes and public health issues.

Comprehend the relationship between social inequalities and the distribution of health resources.

---

Definitions:

Zero Net Difference

When the difference between expense and revenue equals zero; meaning that the values of both are equal; also called breakeven points when revenue and expenses are graphed on the same coordinate plane.

Demand Function

A mathematical formula that describes the relationship between the demand for a good and its price, along with other factors like income and prices of related goods.

Expense Functions

Mathematical expressions that calculate the total costs associated with producing a certain number of goods or services.

Revenue Functions

Mathematical models that describe how a company's revenue is related to the selling price of its products and the quantity of products sold.