The Company Uses Up $5,000 of an Existing Asset and the Company

question 1

Multiple Choice

The company uses up $5,000 of an existing asset and the company adjusts its accounts accordingly.This is an example of a(n) :

• A)accrual adjustment.
• B)closing adjustment.
• C)deferral adjustment.
• D)unethical adjustment.

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Definitions:

Fault Scarp

A steep slope or cliff formed directly by movement along a fault and indicative of the relative motion of the fault blocks.

Landscape

An area of land that is considered in terms of its physical features, including its topography, vegetation, and manmade structures.

Hill Side

Hill sides, or slopes, refer to the inclined surfaces of hills, which can vary in steepness and are often subject to processes like erosion and land slides.

Indonesian Earthquake

A seismic event occurring in Indonesia, a region highly susceptible to earthquakes due to its position on the Pacific "Ring of Fire."