An Adjusting Entry

question 111

Multiple Choice

An adjusting entry

• A) affects two statement of financial position accounts.
• B) affects two income statement accounts.
• C) affects a statement of financial position account and an income statement account.
• D) is always a compound entry.

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Definitions:

Autosomal Dominant

A pattern of inheritance where a trait can be expressed in an individual who has one copy of a gene associated with a trait.

Heterozygote

An organism having two different alleles of a specific gene, resulting in a mixed genotype.

Phenotypic

Relating to the observable characteristics or traits of an organism, which result from the interaction of its genotype with the environment.

Genotypic

Relating to the genetic constitution of an organism, defining its specific set of genes.