The Accountant of Barnes Architectural Services Failed to Make an Adjusting

question 119

Multiple Choice

The accountant of Barnes Architectural Services failed to make an adjusting entry to record $7,000 of depreciation expense.Which of the following statements is true?

• A)The total revenue will be overstated.
• B)The total revenue will be understated.
• C)The total expenses will be overstated.
• D)The total expenses will be understated.

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Definitions:

Terminal Punctuation

Marks such as periods (.), question marks (?), and exclamation points (!) used at the end of sentences to indicate full stops or to convey the tone of the statement.

Vendors

Individuals or companies that sell goods or services to consumers, businesses, or other organizations.

Terminal Punctuation

Refers to the punctuation marks used at the end of sentences, such as periods, question marks, and exclamation points.

Terminal Punctuation

The fundamental markers that demarcate the end of sentences, encapsulating statements, questions, or exclamations.