Which of the Following Describes the Classification and Normal Balance

question 173

Multiple Choice

Which of the following describes the classification and normal balance of the fees earned account?

• A) asset, credit
• B) liability, credit
• C) owner's equity, debit
• D) revenue, credit

---

Definitions:

Strategy

A plan of action designed to achieve a long-term or overall goal.

Public Entertainment

Activities or performances, such as concerts, movies, or games, that are designed to entertain a public audience.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Wealth

An accumulation of valuable resources or material possessions that an individual, community, company, or country owns or controls.