Which of the Following Is Not a Balance Sheet Item

question 107

Multiple Choice

Which of the following is not a balance sheet item?

• A)Assets.
• B)Retained Earnings.
• C)Expenses.
• D)Liabilities.

---

Definitions:

Dependent Variable

A variable in an experiment or model that is expected to change in response to changes in another variable, known as the independent variable.

Price

The cost needed to acquire a product or service.

Hart-Celler Act

1965 law that eliminated the national origins quota system for immigration established by laws in 1921 and 1924; led to radical change in the origins of immigrants to the United States, with Asians and Latin Americans outnumbering Europeans.

September 11 Attacks

Coordinated terrorist attacks by the Islamic extremist group al-Qaeda against the United States on September 11, 2001, leading to significant global impact.