Brake Linings Should Be Replaced When Linings Are ______

question 50

Multiple Choice

Brake linings should be replaced when linings are ______.

• A) worn to within 1/32 inch (.794 mm) of a rivet head
• B) contaminated with oil or grease
• C) contaminated with brake fluid
• D) all answers are correct

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Definitions:

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.

Accrual

An accounting principle that recognizes revenues and expenses when they are incurred, regardless of when cash transactions occur.

Adjusting Journal Entries

Entries made at the end of an accounting period to update balances of revenues and expenses to reflect the correct amounts earned or incurred during a period.

Accrual

A financial recording approach that logs income and expenditures at the time they occur, irrespective of the actual cash transaction timing.