The Year-End Adjusting Entry to Adjust the Unearned Revenue Account

question 103

Multiple Choice

The year-end adjusting entry to adjust the unearned revenue account for revenue earned decreases which of the following ratios?

• A)Current.
• B)Debt-to-equity.
• C)Quick.
• D)Net profit margin.

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Definitions:

Internal Mental Events

Processes that occur within the mind, such as thought, perception, and emotion, that are not observable by others.

B. F. Skinner

An American psychologist known for his work in developing the theory of operant conditioning within behavioral psychology.

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the importance of observable behavior over internal mental states.

Free Will

The ability to choose one's actions free from certain constraints, implying a sense of autonomy and responsibility for those decisions.