Able Industries Has the Following Information Is Related to Its $\bullet$

question 129

Essay

Able Industries has the following information is related to its adjusting entries at the end of December.
$\bullet$ On December 31, 2010, the insurance expired amounted to $100.
$\bullet$ Of the unearned revenue, $335 of services had been performed.
What is the net effect that the necessary adjusting entries for this information have on net income for Able?
a. $435 increase.
b. $435 decrease.
c. $235 increase.
d. $235 decrease.

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Definitions:

Space Of Projection

Space of projection refers to a conceptual or physical area where ideas, feelings, or visual representations are projected or made manifest.

Memory Links

Connections formed in the brain between different pieces of stored information, facilitating recall and understanding.

Spatial Cognition

The knowledge and processes used to represent and navigate in and through space.

Space Of Navigation

Space of navigation refers to physical or virtual environments in which individuals or objects move and orient themselves.