A generally accepted account title is

a. Prepaid Revenue.
b. Appropriation for Contingencies.
c. Earned Surplus.
d. Reserve for Doubtful Accounts.

Answer: b. Appropriation for Contingencies.

Business

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The health insurance premiums that many employers require employees to pay as their share for the cost of health insurance are called:

A) mandatory deductions. B) tax withholdings. C) voluntary deductions. D) none of the above

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