Identify the Account Below That Is Classified as an Asset

question 151

Multiple Choice

Identify the account below that is classified as an asset in a company's chart of accounts:

• A)Accounts Receivable
• B)Accounts Payable
• C)Common Stock
• D)Unearned Revenue
• E)Service Revenue

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Definitions:

Attractive

Possessing features, qualities or characteristics that appeal to aesthetic, physical, or emotional desires.

Society

A community of people living together in a more or less ordered community, sharing customs, laws, and organizations.

Bad Faith

Sartre’s characterization of a person’s refusal to accept himself or herself, particularly regarding the extent of his or her own freedom and limitations. This sometimes means not accepting the facts that are true about you. More often, it means accepting the facts about you as conclusive about your identity, as in the statement “Oh, I couldn’t do that, I’m too shy.”

Sartre

Jean-Paul Sartre, a French existentialist philosopher, playwright, novelist, political activist, and literary critic known for his work on existentialism and phenomenology.