Adjusting Entries Are NOT Used to

question 382

Multiple Choice

Adjusting entries are NOT used to

• A)obtain a proper matching of revenues and expenses.
• B)adjust nominal accounts to zero at the end of the fiscal year.
• C)report an accurate picture of assets, liabilities and equity.
• D)report proper net income and comprehensive income.

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Definitions:

Randomly

In a manner lacking any predictable pattern or plan, used in statistical sampling to ensure that every individual or element has an equal chance of selection.

Wavenumber

A measure of the number of wave cycles per unit distance, often used in physics and chemistry to describe the wavelengths of light and other forms of electromagnetic radiation.

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.

Electromagnetic Radiation

Energy that travels through space in the form of waves, including radio waves, microwaves, infrared, visible light, ultraviolet, X-rays, and gamma rays.