Which of the Following Would Be the Adjusting Entry to Record

question 45

Multiple Choice

Which of the following would be the adjusting entry to record accrued interest at the end of an accounting period?

• A)Dr.Interest expense, Cr.Cash
• B)Dr.Interest expense, Cr.Interest payable
• C)Dr.Interest payable, Cr.Interest income
• D)Dr.Interest payable, Cr.Cash

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Definitions:

Dominant

In a strategic or competitive context, dominant refers to a position of advantage where an entity (such as a firm, product, or strategy) significantly outperforms or influences others.

Marginal Revenue

Marginal revenue is the additional income generated from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a good or service, reflecting how total cost changes with output variation.

Monopoly

is a market structure characterized by a single seller dominating the entire market by selling a unique product or service.