Question: For each account listed below, indicate whether it is a nominal account or a permanent account . Select your answer by clicking in the drop

For each account listed below, indicate whether it is a nominal account or a permanent account. Select your answer by clicking in the drop down box to the right of each account.

Group of answer choices

retained earnings

[ Choose ] nominal account permanent account

prepaid insurance

[ Choose ] nominal account permanent account

cost of goods sold

[ Choose ] nominal account permanent account

unearned revenue

[ Choose ] nominal account permanent account

dividends

[ Choose ] nominal account permanent account

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