Able Industries Has the Following Information Related to Its Adjusting

question 121

Multiple Choice

Able Industries has the following information related to its adjusting entries at the end of December.
.On December 31, 2018, the insurance expired amounted to $100.
.Of the unearned revenue, $300 of services had been performed.
What is the net effect that the necessary adjusting entries for this information have on net income for Able?

• A)$400 increase.
• B)$400 decrease.
• C)$200 increase.
• D)$200 decrease.

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Definitions:

Role of Women

The societal and cultural expectations, duties, rights, and positions held by women in a given community, which can vary widely based on historical, social, and cultural contexts.

1840s and 1850s

A period in American history characterized by westward expansion, the intensification of the slavery debate, and significant technological advancements.

1815 and 1860

marks the period in American history that encompasses significant events such as the end of the Napoleonic Wars, the era of good feelings, and the lead-up to the Civil War.