Adjusting Entries Are Required

question 135

Multiple Choice

Adjusting entries are required

• A) because some costs expire with the passage of time and have not yet been journalized.
• B) when the company's profits are below the budget.
• C) when expenses are recorded in the period in which they are incurred.
• D) when revenues are recorded in the period in which they are earned.

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Definitions:

Fifteenth Amendment

An amendment to the U.S. Constitution ratified in 1870, prohibiting the federal and state governments from denying citizens the right to vote based on "race, color, or previous condition of servitude."

Voting Based on Sex

The practice of allowing individuals to vote or not based on their gender, historically favoring men over women until suffrage movements achieved gender equality in voting.

Composite Nation

A concept envisioning a nation built from a diverse mix of peoples, cultures, and races, often associated with the United States.

Human Rights

Fundamental rights and freedoms that all individuals are entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.