Identify the Statement Below That Is Correct

question 32

Multiple Choice

Identify the statement below that is correct.

• A)When a future expense is paid in advance,the payment is normally recorded in a liability account called Prepaid Expense.
• B)Promises of future payment by the customer are called accounts receivable.
• C)Increases and decreases in cash are always recorded in the common stock account.
• D)An account called Land is commonly used to record increases and decreases in both the land and buildings owned by a business.
• E)Accrued liabilities include accounts receivable.

---

Definitions:

Motivational Counseling

A method focused on the client that aims to increase internal motivation for change by addressing and overcoming mixed feelings.

Level 1

Often represents the introductory or basic stage in a structured hierarchy or classification system.

Physical Activity

Activities that involve substantial body movements, contributing to improved physical health, which can include exercises like walking, swimming, or cycling.

Exercise Is Medicine

A global health initiative that recognizes physical activity as a fundamental strategy for preventing and treating diseases and promoting health.