Which of the Following Accounts Is Classified as a Short-Term

question 7

Multiple Choice

Which of the following accounts is classified as a short-term financial asset?

• A)Office Supplies
• B)Accounts Receivable
• C)Equipment
• D)Prepaid Insurance

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Definitions:

Fifteenth Amendment

An amendment to the U.S. Constitution that prohibits the federal government and states from denying a citizen the right to vote based on their "race, color, or previous condition of servitude."

Right to Vote

The entitlement of citizens to participate in their government's election process to choose leaders and voice opinions on legislation and policies.

Thirteenth Amendment

An amendment to the U.S. Constitution that abolished slavery and involuntary servitude, except as a punishment for a crime.

Slavery

A system in which individuals are owned by others, deprived of personal freedom and forced to perform labor or services without compensation.