An Accrued Expense Adjustment Entry Has the Following Effect on the Balance

question 4

Multiple Choice

An accrued expense adjustment entry has the following effect on the balance sheet:

• A)decreases liabilities.
• B)increases assets.
• C)increases liabilities.
• D)correct this year but incorrect next year.

Assess short-term and long-term credit risk and profitability ratios between companies.

Calculate sales trend percentages and understand their implications.

Understand the building blocks and general-purpose of financial statements.

Apply ratio analysis to assess a company's profitability, efficiency, liquidity, and solvency.

---

Definitions:

Group Therapy

A type of psychological therapy where one or more therapists treat a group of clients simultaneously.

Recovery Rate

The speed and extent to which a person, system, or entity regains normality after suffering damage or illness.

Social Skills

The abilities used to communicate, interact, and socialize effectively with others, including both verbal and non-verbal forms of communication.

Couples' Therapy

A form of psychotherapy aimed at resolving conflicts, improving relationship satisfaction, and facilitating communication between partners in a romantic relationship.