Which of the Following Accounts Would Appear in the Balance

question 64

Multiple Choice

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

• A) Prepaid Insurance
• B) Buildings
• C) Unearned Revenue
• D) Service Revenue

---

Definitions:

Stated Interest Rate

The interest rate specified on a loan or investment agreement, not accounting for compounding or fees.

Prevailing Rate

The current interest rate or wage rate for a particular industry or geographic location.

Present Value

The value today of a sum of money or cash flows expected in the future, discounted at a certain rate of return.

Maturity Value

The amount that will be paid out or received, including principal and interest, upon the expiration or maturity of a financial instrument.