An Example of a Nominal Account Would Be

question 83

Multiple Choice

An example of a nominal account would be

• A) Allowance for Doubtful Accounts.
• B) Notes Payable.
• C) Prepaid Expense.
• D) Cost of Goods Sold.

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Definitions:

Role Set

A role set is a cluster of roles attached to a single status.

Status Group

A social group that people belong to based on factors like prestige, honor, and lifestyle, rather than solely economic or social class.

Role Cluster

A set of roles that are associated with a particular social status or position in society, typically involving expected behaviors and responsibilities.

Robert Provine

A psychologist and neuroscientist known for his research on laughter, tears, and other human behaviors.