Which of the Following Accounts Is an Asset

question 15

Multiple Choice

Which of the following accounts is an asset?

• A) Salaries Expense
• B) Accounts Payable
• C) Service Revenue
• D) Prepaid Expense

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Definitions:

Knowledge and Skill

The understanding, awareness, or familiarity gained through education or experience, and the ability to do something well.

Culturally Contingent

Describes values, practices, or behaviors that are dependent on or vary according to cultural context.

Compassion

A deep awareness of and sympathy for another's suffering, coupled with a desire to alleviate that suffering.

Trustworthiness

The quality of being reliable, dependable, and deserving of trust.