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Compare the List of Accounts Below and Choose the List

Question 120

Multiple Choice

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) Unearned Revenue; Accounts Payable; Owner's Withdrawals.
B) Notes Payable; Cash; Owner's Withdrawals.
C) Building; Prepaid Insurance; Supplies Expense.
D) Accounts Payable; Cash; Supplies.
E) Cash; Prepaid Insurance; Equipment.

Correct Answer:

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