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.

---

Definitions:

Four Corners Rule

A legal principle asserting that the interpretation of a written contract is based solely on the document itself, without considering external evidence.

UCC

The Uniform Commercial Code offers a comprehensive legal structure for the oversight of business interactions throughout the United States.

General Provisions

General provisions refer to standard clauses in contracts or laws that outline basic operational rules and requirements.

Special Provisions

Specific clauses in a contract, agreement, or statute that are aimed at addressing particular issues unique to that document.