Able Industries Has the Following Information Related to Its Adjusting

question 62

Multiple Choice

Able Industries has the following information related to its adjusting entries at the end of December.
. Services have been performed for customers that have not yet been billed or received totaling $200.
.The office equipment computation for 2018 depreciation amounts to $580.
What is the net effect that the necessary adjusting entries for this information have on net income for Able?

• A)$380 increase.
• B)$380 decrease.
• C)$780 increase.
• D)$780 decrease.

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Definitions:

P-chart

A type of control chart used for monitoring the proportion of defectives in a process over time in statistical quality control.

Control Limits

Statistical boundaries defined in control charts that indicate the acceptable range of variability in a process.

Process Capability Analysis

A statistical technique to determine if a process has the capability to produce products that meet specifications.

Control Charts

Statistical tools used for monitoring and controlling a process by tracking its performance over time.