Permanent Accounts Would Not Include

question 55

Multiple Choice

Permanent accounts would not include:

• A)Accounts Payable.
• B)Office Supplies.
• C)Utilities Expense.
• D)Common Stock.

---

Definitions:

Economic Value Added

A measure of a company's financial performance based on the residual wealth calculated by deducting cost of capital from its operating profit.

Cost of Debt

The effective rate that a company pays on its current debt.

Prospective Capacity

Refers to the expected or future ability of a company or economy to produce goods or services.

Common Size Balance Sheet

A financial statement that presents all items as percentages of a common base figure, such as total assets, facilitating comparison across time and companies.