Which of the Following Accounts Would Appear in the Balance

question 70

Multiple Choice

Which of the following accounts would appear in the balance sheet debit column?

• A)Unearned Revenue
• B)Accumulated Depreciation
• C)Service Revenue
• D)Prepaid Insurance

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Definitions:

Ethanol

A renewable fuel made from various plant materials, commonly used as an additive to gasoline to reduce emissions and increase octane.

Government Subsidized

Financial support provided by a government to individuals, organizations, or industries to encourage or protect economic activities deemed beneficial.

Medicaid Program

A government-funded program in the United States providing health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Federal Government

The national government of a federation, made up of separate states, where powers are divided between the national government and the state governments.