Which of the Following Accounts Would Not Likely Need to Be

question 116

Multiple Choice

Which of the following accounts would not likely need to be adjusted at year end?

• A)Office Supplies
• B)Office Equipment
• C)Prepaid Advertising
• D)Unearned Revenue

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Definitions:

Interest

The cost that creditors charge for use of their capital.

Moral Hazard

The risk that one party to an agreement can change their behavior to the detriment of another after the transaction has taken place, often due to asymmetrical information.

Bonded

indicates a state of being secured by a bond, involving a financial guarantee or protection against losses.

Shirking

The act of avoiding or neglecting responsibilities, especially in the workplace, leading to reduced productivity or performance.