Failure to Make an Adjusting Entry to Recognize Service Revenue

question 154

Multiple Choice

Failure to make an adjusting entry to recognize service revenue receivable would cause which of the following?

• A) an overstatement of assets, profit, and shareholders' equity.
• B) an overstatement of assets and shareholders' equity and an understatement of profit.
• C) no effect on assets, liabilities, profit, nor shareholders' equity.
• D) an understatement of assets, profit, and shareholders' equity.

---

Definitions:

Body Project Enterprise

An endeavor focused on altering the human body through various means such as diet, exercise, or cosmetic surgery, often influenced by societal norms and expectations.

Camouflaging

The act of hiding or disguising one's appearance, emotions, or behavior to blend into the surrounding environment or society.

H.G. Wells

A prolific English writer in many genres, including science fiction and history, known for works like "The War of the Worlds" and "The Time Machine."

Disability

Disability is a condition or function judged to be significantly impaired relative to the usual standard of an individual or group, affecting physical or mental ability.