If an Adjusting Entry Is Not Made for an Accrued

question 4

Multiple Choice

If an adjusting entry is not made for an accrued expense

• A) expenses will be overstated.
• B) liabilities will be understated.
• C) net income will be understated.
• D) owner's equity will be understated.

---

Definitions:

New Material

Newly introduced content, topics, or resources for learning, discussion, or application.

Coping Skills

Techniques or strategies employed by individuals to deal effectively with stress, problems, and challenging situations.

Naturally Occurring Consequences

The automatic outcomes that happen as a direct result of someone's actions without external intervention.

Environmental Consequences

The impact or outcomes that actions or policies have on the natural environment, including changes to ecosystems, biodiversity, and climate.