Which of the Following Does Not Correctly Describe the Following

question 109

Multiple Choice

Which of the following does not correctly describe the following adjusting journal entry?

• A)Total assets increase.
• B)The transaction is an example of an accrual.
• C)Stockholders' equity decreases.
• D)Net income increases.

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.

Ethical Issue

A dilemma or circumstance that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).

Stakeholders

The individuals or groups that have an interest or stake in the outcome of an organization's actions, including employees, customers, suppliers, and investors.

Ethical Decision-Making

The act of assessing and deciding between different choices based on ethical guidelines.