In a Basic Chart of Accounts, Each Account Number Has

question 182

Multiple Choice

In a basic chart of accounts, each account number has two digits. The first digit indicates the major account group to which the account belongs. Which of the following correctly identifies the major account groups typically represented by the numbers 1 through 5?

• A) 1-Assets, 2-Liabilities, 3-Stockholders' Equity, 4-Expenses, 5-Revenues
• B) 1-Assets, 2-Liabilities, 3-Stockholders' Equity, 4-Revenues, 5-Expenses
• C) 1-Assets, 2-Stockholders' Equity, 3-Revenues, 4-Expenses, 5-Dividends
• D) 1-Stockholders' Equity, 2-Dividends, 3-Revenues, 4-Expenses, 5-Common Stock

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Definitions:

Primary Auditory Cortex

The region of the brain located in the temporal lobe that is responsible for processing auditory information.

Wernicke's Area

A region in the brain responsible for the comprehension of speech and language.

Broca's Area

A region in the frontal lobe of the dominant hemisphere of the brain associated with speech production and language processing.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and understand that others have beliefs and perspectives different from one's own.