If the Effect of the Debit Portion of an Adjusting

question 187

Multiple Choice

If the effect of the debit portion of an adjusting entry is to increase the balance of an expense account, which of the following describes the effect of the debit portion of the entry?

• A) increases the balance of a contra expense account
• B) increases the balance of a stockholders' equity account
• C) decreases the balance of an asset account
• D) decreases the balance of a liability account

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Definitions:

Human Condition

Refers to the range of key experiences, emotions, and challenges that define human existence and encompass aspects such as birth, growth, emotionality, aspiration, conflict, and mortality.

Preoccupation

The state of being absorbed or engrossed in thoughts or concerns, often leading to a lack of awareness of one’s surroundings or the task at hand.

Tangible Rewards

Physical or material incentives given to individuals as acknowledgment of their effort or achievements.

Praise

The expression of approval, commendation, or admiration towards someone or something.