Which of the Following Account Groups Are All Considered Nominal

question 167

Multiple Choice

Which of the following account groups are all considered nominal accounts?

• A) Cash, Owner's Equity, Wages Payable
• B) Prepaid Insurance, Property, Plant & Equipment, Fees Earned
• C) Capital Account, Dividend Account, Income Summary
• D) Rent Revenue, Fees Earned, Miscellaneous Expense

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Definitions:

Ethical Requirement

A guideline or rule designed to ensure behavior and practices meet moral standards and are conducted with integrity.

Ethical Review Board

A committee that reviews research proposals to ensure that the studies are conducted ethically and do not pose harm to participants.

Informed Consent

The process by which a fully informed individual agrees to participate in a research study, clinical trial, or medical treatment after understanding all relevant facts and implications.

Dependent Variable

The outcome factor in an experiment that responds to, or depends on, the manipulation of the independent variable.