Which of the Following Accounts Probably Would Be Listed Before

question 130

Multiple Choice

Which of the following accounts probably would be listed before the others in a chart of accounts?

• A) Insurance Expense
• B) Dividends
• C) Notes Payable
• D) Accumulated Depreciation, Buildings

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Definitions:

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not classified as cash equivalents.

Financing Activities

Financing activities involve transactions between a company and its financiers, such as issuing shares, borrowing loans, and repaying debt, which are used to fund the company’s operations.

Operating Activities

Day-to-day business functions involving the production and delivery of a company's products and services.

Cash Receipts

Money received by a business during a period of time, including revenues and other inflows of cash.