All of the Following Are Asset Accounts Except

question 99

Multiple Choice

All of the following are asset accounts except:

• A)Accounts Receivable.
• B)Buildings.
• C)Supplies expense.
• D)Equipment.
• E)Prepaid insurance.

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Definitions:

U.S. Imports

refer to goods and services purchased from other countries by the United States, contributing to its economy's supply side.

Foreign Exchange Markets

Platforms for trading national currencies against one another, critical for international trade and finance.

U.S. Exports

Goods, services, and commodities sent from the United States to other countries as part of international trade.

Foreign Exchange Market

A global marketplace for trading national currencies against one another, instrumental in setting exchange rates.