Which of the Following Is Classified as an Asset Account

question 141

Multiple Choice

Which of the following is classified as an asset account?

• A) Prepaid Insurance
• B) Notes Payable
• C) Owner, Withdrawals
• D) Unearned Revenue

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Definitions:

Osmosis

The movement of water molecules through a semipermeable membrane from a region of lower solute concentration to a region of higher solute concentration, aiming to equalize solute concentrations on both sides.

Spongy Mesophyll

Layer of cells in a plant leaf's interior that aids in gas exchange and contains spaces between cells.

Gas Diffusion

The process by which gas molecules spread from areas of high concentration to areas of low concentration.

Photosynthesis

The process by which green plants, algae, and certain bacteria convert light energy, usually from the sun, into chemical energy stored in glucose.