Of the Following Six Accounts,which Ones Have Temporary Balances

question 11

Multiple Choice

Of the following six accounts,which ones have temporary balances:
(1) Service Revenue
(2) Dividends
(3) Salaries Expense
(4) Common Stock
(5) Retained Earnings
(6) Cash

• A)(1), (2),and (3).
• B)(4), (5),and (6).
• C)(2), (4),and (5).

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Definitions:

Selling Style

Describes the approach or method a salesperson uses to engage with, persuade, and secure clients or customers.

High Task Behavior

A leadership approach that focuses primarily on the tasks at hand, ensuring they are completed efficiently and effectively.

Deficiency Judgment

A legal judgment against a borrower for the remaining balance owed on a loan if the proceeds from the sale of the security are insufficient to cover the debt in full.

Foreclosed Property

Property that has been repossessed by a lender or a government entity due to the owner's failure to meet payment obligations.