Consider the Following List of Accounts How Many of These Accounts Have a Normal Debit Balance

question 52

Multiple Choice

Consider the following list of accounts: $$\begin{array} { l l } \text { Cash } & \text { Retained Earnings } \\\text { Service Revenue } & \text { Utilities Expense } \\\text { Salaries Expense } & \text { Accounts Receivable } \\\text { Accounts Payable } & \text { Common Stock } \\\text { Equipment } & \text { Dividends }\end{array}$$ How many of these accounts have a normal debit balance?

• A) Four.
• B) Five.
• C) Six.
• D) Seven.

---

Definitions:

Ownership Of Capital

Refers to the holding of assets or wealth by individuals or entities.

Incentive-based Regulations

Regulatory approaches that aim to encourage desired behaviors through incentives, contrasting with command-and-control policies.

Command-and-control Regulations

These are specific regulatory standards set by the government that dictate the limits for emissions, discharges, or other environmental controls that businesses must legally follow.

Democracy

A form of government in which power is vested in the people and exercised by them directly or through freely elected representatives.