If the Credit Amount of an Entry to Record the Payment

question 8

Multiple Choice

If the credit amount of an entry to record the payment of salaries was not posted,:

• A)assets would be overstated and owners' equity would be overstated.
• B)there would be no effect on stockholders' equity.
• C)expenses would be understated and owners' equity would be understated.
• D)liabilities would be understated and owners' equity would be overstated.

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Definitions:

Unstable Isotopes

Atoms with a nucleus that has an excess of energy or mass, making them decay into more stable forms over time.

Stable Isotopes

Variants of elements that have the same number of protons but different numbers of neutrons, and do not undergo radioactive decay.

Radioactive Isotopes

Radioactive isotopes, or radioisotopes, are variants of chemical elements that emit radiation due to an unstable nucleus and undergo radioactive decay.

Atomic Number

The number of protons in the nucleus of an atom, unique to each element.