Compare the list of accounts below and choose the list that contains only accounts that would be classified as asset accounts on the Chart of Accounts.
A. Accounts Payable; Cash; Supplies.
B. Unearned Revenue; Accounts Payable; Dividends.
C. Notes Payable; Cash; Dividends.
D. Cash; Prepaid Insurance; Equipment.
E. Building; Prepaid Insurance; Supplies Expense.
Answer: D
You might also like to view...
Which of the following triggers the systems selection process?
a. logical specification b. physical requirements c. both a and b d. neither a nor b
A company decides to ignore a very small error in its inventory balance. This is an example of the application of the ________.
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
Your marketing manager has asked you to develop a new customer strategy for your company. Additionally, you have been asked to develop, specifically, a market-penetration strategy to assist in gaining new customers
Describe a market-penetration strategy in this context.
Explain the concept of joint venture as a business arrangement in brief
What will be an ideal response?