Identify Whether the Entries Below Are an Adjusting Entry (AE)

question 82

Short Answer

Identify whether the entries below are an adjusting entry (AE) or a closing entry (CE).
-________

---

Definitions:

Accumulated

The total gathered or collected amount over a period of time, referring to various contexts such as finances, data, or materials.

Invested at

Refers to the specific time or price point at which investments are made into a financial instrument or asset.

Accounting Rate of Return

A financial metric used to assess the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.

Incremental Revenue

Additional income generated from a new action or decision, beyond what would have been achieved without it.