The Asset Created by a Business When It Makes a Sale

question 147

Multiple Choice

The asset created by a business when it makes a sale on account is termed

• A) accounts payable
• B) prepaid expense
• C) interest revenue
• D) accounts receivable

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Definitions:

Strikes

A work stoppage caused by the mass refusal of employees to work, usually to protest employer policies, working conditions, or compensation.

Industrial Union

A union representing all the workers in a single industry, regardless of each worker’s skill or craft.

Teamsters' Union

A labor union in the United States and Canada primarily representing workers in the transportation and logistics industries.

Auto Workers

Individuals who are employed in the automobile manufacturing industry.