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.

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Definitions:

Personality

The blend of traits or attributes that create a person's unique personality.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Motivation

Describes the internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Across Cultures Competency

The ability to effectively operate and communicate in various cultural environments, respecting and understanding diverse perspectives.