Permanent Accounts Include All of the Following Except

question 65

Multiple Choice

Permanent accounts include all of the following except:

• A) Accounts Receivable.
• B) Unearned Revenue.
• C) Depreciation Expense-Equipment.
• D) Accumulated Depreciation-Equipment.
• E) Prepaid Insurance.

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Definitions:

Taft-Hartley Act

Federal legislation designed to curtail some of the powers that unions had acquired under the Wagner Act; designates certain union actions as unfair. Also called Labor-Management Relations Act.

Restrictions

Limitations or conditions placed on actions, activities, or agreements, often aimed at regulating behavior or use.

Unionization

The process of organizing workers into a union, a collective entity that negotiates with employers for better terms and conditions of employment.

Employee Retirement Income Security Act

A federal law that sets standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.