Solve the Equation for X $$\left| \begin{array} { r r r } 0 & 0 & x \\- 4 & x & - 4 \\1 & 1 & x\end{array} \right| = 4$$

question 479

Multiple Choice

Solve the equation for x.
- $$\left| \begin{array} { r r r } 0 & 0 & x \\- 4 & x & - 4 \\1 & 1 & x\end{array} \right| = 4$$

• A) \(\{ 4 \}\)
• B) \(\{ 2 \}\)
• C) \(\{ - 2 \}\)
• D) \(\varnothing\)

Distinguish between prepayments and accruals in the accounting process.

Identify and explain the different types of adjusting entries: prepaid expenses, deferred revenues, depreciation, and supplies adjustments.

Calculate depreciation expense for long-lived assets and understand its impact on financial statements.

Describe the asset-expense relationship and its accounting implications.

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