If a Company Fails to Make an Adjusting Entry to Record

question 184

Multiple Choice

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

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

---

Definitions:

Grade-Point Average

A numerical calculation that represents the average value of the accumulated final grades earned in courses over time.

Conscientiousness

A personal attribute noted for systematic behavior, reliability, and a deep dedication to responsibilities.

Openness

One of the five major personality traits, characterized by a willingness to try new things, be creative, and think abstractly.