The Omission of the Adjusting Entry to Record Depreciation Expense

question 89

Multiple Choice

The omission of the adjusting entry to record depreciation expense will result in an:

• A) overstatement of assets and an overstatement of equity.
• B) understatement of assets and an understatement of equity.
• C) overstatement of assets and an overstatement of liabilities.
• D) overstatement of liabilities and an understatement of equity.

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Definitions:

Dendrites

Branchlike extensions of neurons that receive electrical messages from other neurons.

Myelinated Fibers

Nerve fibers covered with myelin, a protective fatty layer that helps in the fast transmission of nerve impulses along the neurons.

Myelin Sheath

A protective covering made of myelin around nerve fibers, which increases the speed at which impulses propagate along the myelinated fiber.

Mening/o

A root word in medical terminology referring to the meninges, the protective membranes covering the brain and spinal cord.