Identify the Correct Classification for the Following Four Ledger Accounts

question 24

Multiple Choice

Identify the correct classification for the following four ledger accounts:

• A) 1 expense,2 expense,3 asset,4 expense.
• B) 1 expense,2 asset,3 revenue,4 liability.
• C) 1 asset,2 asset,3 revenue,4 liability.
• D) 1 asset,2 asset,3 asset,4 liability.

Understand the evolution of the discourse on gender and leadership.

Evaluate the multifaceted impact of stereotype on women’s leadership.

Understand the social costs and challenges women leaders face.

Identify the levels at which leadership effectiveness for women can be enhanced.

---

Definitions:

Indirect Expenses

Costs that are not directly tied to a specific product, service, or department and need to be allocated, such as utilities or rent.

Contribution Margin

The amount remaining from sales revenue after variable costs are deducted, indicating how much contributes to covering fixed costs and generating profit.

Indirect Costs

Expenses not directly tied to a specific product or service, such as overhead, administrative salaries, and utilities.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.