Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 3 - The Accounting Information System - Questions - Page 132: 7f

Answer

This is a nominal account that appears on the income statement.

Work Step by Step

This a revenue (for service type businesses), thus making it a nominal account that is reflected in the income statement.
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