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:

Social Interaction

How people conduct themselves and react in the context of social interactions.

Concentric Zone Theory

A sociological model that explains urban social structures in circular zones radiating from the city center.

Urban Sprawl

is the uncontrolled expansion of urban areas into the surrounding countryside, characterized by low-density residential and commercial development.

Urban Expansion

Refers to the growth of urban areas into surrounding regions, often attributed to population growth and increased demand for housing and services.