If an Adjusting Entry Is Not Made for an Accrued

question 47

Multiple Choice

If an adjusting entry is not made for an accrued revenue,

• A)assets will be overstated.
• B)expenses will be understated.
• C)stockholders' equity will be understated.
• D)revenues will be overstated.

---

Definitions:

Sustainable Business Practices

Business actions that take into consideration environmental, social, and economic impacts to ensure long-term viability and integrity.

Greenhouse Gas Emissions

Emissions of gases, such as carbon dioxide and methane, that trap heat in Earth's atmosphere, leading to global warming and climate change.

Recycle

The process of converting waste materials into new materials and objects, aiming to reduce the consumption of raw materials, energy usage, and environmental pollution.

Organizations

Entities that are structured and managed to meet a particular objective or set of objectives, which can include corporations, non-profits, and governmental bodies.