When a Worksheet Is Prepared, Which Account Would Not Be

question 130

Multiple Choice

When a worksheet is prepared, which account would not be entered into the income statement columns?

• A) Depreciation Expense.
• B) Unearned Revenue.
• C) Service Revenue.
• D) Prepaid Insurance.

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Definitions:

John Marshall

An influential Chief Justice of the Supreme Court (1801-1835) known for establishing the principle of judicial review.

States' Rights

The principle that the rights and powers not explicitly delegated to the federal government by the Constitution remain with the states.

Trade Powers

Legal and constitutional abilities granted to a government to regulate international commerce, including negotiating trade agreements and imposing tariffs.

Federalism Issues

Challenges or controversies arising from the distribution of power and responsibility between national and state governments within a federal system.