Which of the Following Journal Entries Would Decrease Stockholders' Equity

question 177

Multiple Choice

Which of the following journal entries would decrease stockholders' equity?

• A)Debit Prepaid Insurance and credit Cash.
• B)Debit Deferred Revenue and credit Service Revenue.
• C)Debit Supplies and credit Accounts Payable.
• D)Debit Insurance Expense and credit Cash.

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Definitions:

Out-of-Africa Hypothesis

A theory suggesting that modern humans originated in Africa before dispersing to other parts of the world.

Homo Sapiens

The species name for modern humans, characterized by bipedalism and a large brain capacity relative to body size.

Replacement Model

Hypothesis of the evolution of modern humans from archaic species; also called the out-of-Africa hypothesis.

Cro-Magnon Man

Cro-Magnon Man refers to the early European modern humans of the Upper Paleolithic period, known for their distinct skeletal features and association with early human art and tools.