Permanent Accounts Include All of the Following Except

question 171

Multiple Choice

Permanent accounts include all of the following except:

• A) Accumulated Depreciation - Equipment.
• B) Prepaid Rent.
• C) Unearned Consulting Revenue.
• D) Accounts Payable.
• E) Depreciation Expense - Equipment.

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Definitions:

Pleasure

A feeling of happiness or satisfaction derived from experiencing or consuming something.

Satisfaction

The state of being contented or pleased as a result of experiencing a product, service, or outcome that meets or exceeds expectations.

Purposeful Behavior

Actions taken with specific goals in mind, often reflecting rational decision-making processes.

Costs and Benefits

An analysis or evaluation framework, often used in economics and business, that compares the advantages and disadvantages or gains and costs of a certain action.