What Effect Will the Following Adjusting Journal Entry Have on the Accounting

question 63

Multiple Choice

What effect will the following adjusting journal entry have on the accounting records? $$\begin{array} { | c | r | r | } \hline \text { Depreciation Expense } & 2,150 & \\\hline \text { Accumulated Depreciation } & & 2,150 \\\hline\end{array}$$

• A) increase net income
• B) increase revenues
• C) decrease expenses
• D) decrease net book value

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Definitions:

Coefficients

Numbers or parameters in a mathematical equation that multiply variables, often used to describe the relationship between variables in statistical models.

Probability Distribution

A math function tasked with computing the odds of different potential outcomes during an experiment.

Multiple Regression Model

A statistical technique that uses several explanatory variables to predict the outcome of a response variable.

Degrees of Freedom

Degrees of freedom refer to the number of independent values or quantities which can be assigned to a statistical distribution or to a system without violating any constraint.