A Steep Wave Moving Upstream Generated by the Action of the Tide

question 16

Multiple Choice

A steep wave moving upstream generated by the action of the tide crest in the enclosed area of a river mouth is called a .

• A) tidal node
• B) tidal wave
• C) tidal surge
• D) tidal current

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Definitions:

Prepaid Expense

An expense that has been paid in advance and is recognized as an asset until the service or good is consumed or used in the future.

Adjusting Entries

Entries recorded in journals at the conclusion of an accounting cycle to properly distribute revenues and expenses to the corresponding period.

Adjusting Entries

Entries made in the accounting records at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Accruals

Adjusting entries for either accrued revenues or accrued expenses.