Which of the Following Is an Example of an Adjusting

question 128

Multiple Choice

Which of the following is an example of an adjusting entry?

• A) Recording the payment of year-end dividends.
• B) Recording the receipt of inventory in the last week of the year that will be paid next year.
• C) Recording the salary expense earned in the last week of the year, to be paid next year.
• D) Recording the increase in the market value of land.

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Definitions:

Depressant

A substance that slows down the central nervous system, reducing arousal and stimulation in the body.

Alcohol

A psychoactive substance commonly found in beverages like beer, wine, and spirits, known for its effects on the nervous system.

Methamphetamine

Methamphetamine is a powerful, highly addictive stimulant that affects the central nervous system, known for its use both as a recreational drug and, less commonly, for its therapeutic use in certain medical conditions.

Moderately Intoxicated

A state of inebriation where an individual's cognitive, motor, and perceptual abilities are notably impaired, but not to the extreme.