In Which of the Following Types of Accounts Are Decreases

question 56

Multiple Choice

In which of the following types of accounts are decreases recorded by credits?

• A) liabilities
• B) stockholders' equity
• C) assets
• D) revenues

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Definitions:

Middle Class

The middle class refers to a social group that falls economically between the working class and the upper class, often characterized by moderate income levels and educational attainment.

Working-Class Family

A family structure characterized by members primarily engaged in manual labor with income and education levels typically below the middle class.

Gender

The social and cultural roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.

Class Stratification

The hierarchical organization of society into different social classes based on factors such as wealth, income, education, and occupation, affecting access to resources and opportunities.