What Effect Will This Adjustment Have on the Accounting Records $$\begin{array} { | c | r | r | } \hline \text { Unearned Fees } & 6,375 & \\\hline \text { Fees Earned } & & 6,375 \\\hline\end{array}$$

question 146

Multiple Choice

What effect will this adjustment have on the accounting records? $$\begin{array} { | c | r | r | } \hline \text { Unearned Fees } & 6,375 & \\\hline \text { Fees Earned } & & 6,375 \\\hline\end{array}$$

• A) increase net income
• B) increase revenues reported for the period
• C) decrease liabilities
• D) All of these choices

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Definitions:

Tears

A saline fluid produced by the lacrimal glands, serving both emotional and lubricative functions for the eyes.

Secondary Emotion

Emotions that develop with more cognitive processing and social learning, such as guilt or shame, as opposed to primary emotions like happiness or fear.

Remorseful

Feeling deep regret or guilt for a wrongdoing, similar to being penitent or contrite.

Remorse

A deep feeling of regret or guilt for a wrong committed, often accompanied by a desire to amend or repair the harm caused.