Which of the Following Is an Example of an Adjusting

question 57

Multiple Choice

Which of the following is an example of an adjusting entry?

• A)Recording the increase in the market value of land.
• B)Recording the salary expense earned in the last week of the year, to be paid next year.
• C)Recording the receipt of inventory in the last week of the year that will be paid next year.
• D)Recording the payment of year-end dividends.

Apply mathematical concepts to solve problems related to budgeting and sales projections.

Analyze investment distribution to optimize interest gains.

Employ mathematical reasoning to solve practical problems in pricing and markups.

Understand and implement calculations involving discounts, markups, and value assessment.

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Definitions:

Payment

The transfer of money or goods in exchange for a product or service.

Overtime Salaries

Compensation paid to employees for hours worked beyond their normal working hours, usually at a higher rate than the regular hourly wage.

Expenses

Economic costs a business incurs through its operations to earn revenue, representing the outflow of assets or incurring of liabilities.

February

The second month of the year in the Gregorian calendar, often associated with being the shortest month.