If an Adjusting Entry Is Not Made for an Accrued

question 96

Multiple Choice

If an adjusting entry is not made for an accrued revenue,

• A) assets will be overstated.
• B) expenses will be understated.
• C) stockholders' equity will be understated.
• D) revenues will be overstated.

---

Definitions:

Background

a person's or thing's history, education, or previous experience providing context or foundation.

Demographics

Statistical data relating to the population and particular groups within it.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character, influencing how they think, feel, and behave in various situations.

Face-to-Face-Bargaining

The process of negotiating directly with another party in person, allowing for immediate feedback and adjustments to negotiation tactics.