Classify the Following as an Asset, Liability, Revenue, or Expense

question 78

Essay

Classify the following as an asset, liability, revenue, or expense.
(1) Uneaned revenue
(2) Office equipment
(3) Wages payable
(4) Salary expense
(5) Dividends payable
(6) Art fees eamed.
(7) Prepaid rent
(8) Accountsreceivable
(9) Income tax expense
(10) Office supplies

---

Definitions:

Restraining Healthcare Spending

Efforts aimed at controlling the growth of healthcare costs to prevent them from consuming a disproportionate share of resources.

Uninsured

Referring to individuals or entities that lack health insurance coverage, which can result in limited access to healthcare services and financial hardship in the event of illness or injury.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States, aimed at increasing health insurance coverage and reducing the costs of healthcare.

Claim-right

A right which entails obligations or duties on others to respect or fulfill that right.