Which One of the Following Adjustments Increases Net Income for the Period

question 192

Multiple Choice

Which one of the following adjustments increases net income for the period?

• A)Recognition of the amount of supplies used.
• B)Recognition revenue earned, but not recorded.
• C)Recognition of wages earned, but not paid to employees.
• D)Recognition of rent costs that had been paid to the landlord in advance.

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Definitions:

Government Entity

An organization or agency that is part of the government sector, operating under legal and regulatory frameworks to perform public purposes.

City

A large human settlement, typically with extensive systems for housing, transportation, sanitation, utilities, land use, and communication.

State

A political unit with organized government, territory, and sovereignty, recognized as such in international law.

Program Expenses

Program expenses are costs directly associated with the operations and activities aimed at fulfilling an organization's mission, distinct from administrative or fundraising costs.