If a Company Fails to Make an Adjusting Entry to Record

question 133

Multiple Choice

If a company fails to make an adjusting entry to record supplies expense, then

• A) equity will be understated.
• B) expense will be understated.
• C) assets will be understated.
• D) net income will be understated.

---

Definitions:

Population Growth

The increase in the number of individuals in a population, often leading to various environmental and socio-economic challenges.

Birth Rates

The number of live births per thousand of population per year, a pivotal factor in population studies.

Carrying Capacity

The maximum population size of the species that the environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.

Biotic Potential

the maximum reproductive capacity of an organism or population if resources are unlimited in an ideal environmental condition.