Which of the Following Accounts Is Not Included in the Asset

question 46

Multiple Choice

Which of the following accounts is not included in the asset section of the balance sheet?

• A) Wages expense.
• B) Land.
• C) Buildings.
• D) Furniture.
• E) Supplies.

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Definitions:

Causal Conclusions

Judgments about the existence or strength of a cause-and-effect relationship between two variables.

Correlational Studies

Research methodologies that examine the relationship between two or more variables without manipulating them, to determine if a relationship exists.

Confidentiality

Confidentiality refers to the ethical principle of keeping information shared by or about an individual in a professional setting secure and private.

Ethical Guideline

Ethical guidelines are principles designed to guide behavior in a manner consistent with accepted moral standards, often provided by professional organizations to guide the conduct of their members.