If a Company Fails to Make an Adjusting Entry to Record

question 251

Multiple Choice

If a company fails to make an adjusting entry to record supplies expense then

• A) owner's equity will be understated.
• B) expense will be understated.
• C) assets will be understated.
• D) net income will be understated.

---

Definitions:

Kindergarten Graduation

A ceremonial event marking the completion of kindergarten by young children, celebrating their transition to first grade.

Enucleation

A surgical procedure involving the removal of an organ or tumor, often used in reference to the removal of an eyeball.

Retinoblastoma

A rare type of eye cancer that primarily affects young children, originating in the retina.

Edematous or Ecchymotic

Describes the physical condition of having swelling due to fluid accumulation in the tissues (edematous) or bruising caused by bleeding under the skin (ecchymotic).