Adjusting Entries Affect at Least

question 140

Multiple Choice

Adjusting entries affect at least:

• A)one revenue and one expense account.
• B)one asset and one liability account.
• C)one revenue and one balance sheet account.
• D)one income statement account and one balance sheet account.

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Definitions:

William James

An influential American psychologist and philosopher known for his foundational contributions to psychology and pragmatism.

Aristotle's Contribution

The extensive philosophical, scientific, and educational contributions made by the ancient Greek philosopher Aristotle.

Behavior

The actions or reactions of an individual, usually in relation to the environment, which can be observed externally.

Experimental Method

A research method that tests hypotheses and establishes cause-and-effect relationships by manipulating and controlling conditions.