Compare the List of Accounts Below and Choose the List

question 120

Multiple Choice

Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.

• A) Unearned Revenue; Accounts Payable; Owner's Withdrawals.
• B) Notes Payable; Cash; Owner's Withdrawals.
• C) Building; Prepaid Insurance; Supplies Expense.
• D) Accounts Payable; Cash; Supplies.
• E) Cash; Prepaid Insurance; Equipment.

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Definitions:

Spaghetti Consumption

The amount of spaghetti eaten, often measured in terms of quantity over a specific time period.

Juliet

A reference to a major character from William Shakespeare's play "Romeo and Juliet," often symbolizing young love or tragic romance.

Utility Function

A mathematical representation of how consumer preferences lead to the selection of goods and services in order to achieve the highest level of satisfaction.

Whisky Consumption

The action or practice of drinking whisky, measured in terms of quantity or frequency.