Which of the Following Is Considered a Contra-Asset Account

question 132

Multiple Choice

Which of the following is considered a contra-asset account?

• A) Prepaid expenses.
• B) Unearned revenue.
• C) Accumulated depreciation.
• D) Accounts receivable.

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Definitions:

Experimental Methods

Research methodologies that involve the manipulation of variables to determine cause-and-effect relationships in controlled conditions.

Case Study

A research method involving an up-close, in-depth, and detailed examination of a subject of study (the case), as well as its related contextual conditions.

Acquiring Language

The process by which humans learn to communicate through understanding and producing language, typically occurring in early childhood.

Human Language

A complex system of communication that uses syntax, semantics, and phonetics to convey meaning and express a vast array of ideas and emotions.