If a Company Forgets to Record the Journal Entry to Accrue

question 189

Multiple Choice

If a company forgets to record the journal entry to accrue interest expense,then its net income is too ________ and its liabilities are too ________.

• A)high;high
• B)low;high
• C)low;low
• D)high;low

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Definitions:

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The action to terminate an application window, document, or file.

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A set of instructions or a script that automates repetitive tasks in software applications.

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A user interface element that triggers an action or command when clicked by the user.

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To allocate or designate a task, resource, or value to a variable, individual, or entity.