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:

Strip Mall

A type of shopping mall or plaza that is typically open-air and has a row of retail stores, services, or restaurants, usually accessible from a large parking area.

Coupons

Promotional tools used to offer discounts or rebates on products or services, aimed at increasing sales and customer loyalty.

Marketing Concept

A business philosophy suggesting that company success is achieved by identifying and satisfying the needs and wants of customers.

Customer Oriented

An approach to business and product development that focuses on creating a positive experience for the customer and addressing their needs and feedback.