Which of the Following Accounts Would Appear in the Income

question 74

Multiple Choice

Which of the following accounts would appear in the income statement credit column of the worksheet?

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

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Definitions:

Monthly Sales

The total revenue or units sold by a business in one calendar month.

Bonus Plan

An incentive scheme that rewards employees with extra payments in addition to their regular salary based on performance.

Significantly Increased

A statistical term describing when an observed value or statistic shows a substantial and unlikely to occur by chance increase from a baseline or reference value.

Population of Differences

A hypothetical or actual collection of differences derived from comparing two sets or populations in a statistical study.