Which One of the Following Adjustments Decreases Net Income for the Period

question 91

Multiple Choice

Which one of the following adjustments decreases net income for the period?

• A)Recognition of depreciation on plant assets
• B)Recognition of interest on a note receivable
• C)Recognition of services that had been provided to customers but the cash has not yet been received
• D)Recognition of rent as earned that had been received in advance from customers

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Definitions:

Flexibility

The quality of bending easily without breaking; the ability of joints to move through their full range of motion.

Skill-related Fitness

Components of fitness that enhance one’s ability to perform athletic or sports skills, including agility, balance, coordination, power, reaction time, and speed.

Muscular Endurance

The ability of a muscle or muscle group to perform repeated contractions over a period without becoming exhausted.

Agility

The ability to move quickly and easily, often considered as physical dexterity.