Match the Type of Account (A Through E) with the Business

question 166

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Received six months of rental payments from a tenant.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Divergent Thinking

An imaginative process or tactic employed to devise novel ideas by assessing an array of possible outcomes.

Clothes Hanger

A device around which clothes are hung for storage or display.

Heredity

The genetic transmission of characteristics from parents to offspring.

Intelligence

The ability to acquire and apply knowledge and skills, and adapt to new situations.