Which of the Following Accounts Would NOT Appear on the Financial

question 161

Multiple Choice

Which of the following accounts would NOT appear on the financial statements of a retailer that does not issue its own private label credit card?

• A) Merchandise Inventory
• B) Cash and Cash Equivalents
• C) Merchandise Sales
• D) Credit Card Receivable

---

Definitions:

Malaria

Disease caused by the protozoan Plasmodium vivax; transmitted by the Anopheles mosquito.

Fungi

A kingdom of organisms that includes molds, yeasts, and mushrooms, which live by decomposing and absorbing the organic material in which they grow.

Lichens

Symbiotic associations between a fungus and a photosynthetic partner (usually an algae or cyanobacteria), living together on surfaces like rocks or trees.

Algae

A diverse group of photosynthetic organisms that are not necessarily closely related, ranging from unicellular microalgae to large multicellular forms, inhabiting both freshwater and marine environments.