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D196 - OA EXAM LATEST 2026 UPDATED QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+ GRADED |GUARANTEED PASS

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D196 - OA EXAM LATEST 2026 UPDATED QUESTIONS AND VERIFIED 100% SOLUTIONS (2026/2027) |A+ GRADED |GUARANTEED PASS

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D196 - OA EXAM LATEST 2026 UPDATED QUESTIONS AND
VERIFIED 100% SOLUTIONS (2026/2027) |A+ GRADED
|GUARANTEED PASS
Inventory is classified as? (pick one)

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -A. Asset




Retained Earnings is classified as? (pick one)

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -C. Equity




Salaries Expense is classified as? (Pick one)

A. Asset

B. Liability

C. Equity


1|Page

,D. Revenue

E. Expense

F. Dividend - Answers -E. Expense




Mortgage Payable is classified as

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -B. Liability




Maintenance Expense is classified as? (pick one)

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -E. Expense




Fee Income is classified as? (pick one)

A. Asset

B. Liability

2|Page

, C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -D. Revenue




Unearned Revenue is classified as? (pick one)

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -B. Liability




Capital Stock is classified as? (pick one)

A. Asset

B. Liability

C. Equity

D. Revenue

E. Expense

F. Dividend - Answers -C. Equity




Buildings are classified as? (pick one)

A. Asset

3|Page

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