An Adjusting Entry That Increases a Revenue and Decreases a Liability

question 221

Multiple Choice

An adjusting entry that increases a revenue and decreases a liability is known as a(n) :

• A)Accrued expense.
• B)Deferred expense.
• C)Deferred revenue.
• D)Accrued revenue.
• E)Depreciation.

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Definitions:

Homogeneous Teams

Groups composed of members with similar backgrounds, skills, and perspectives.

Functional Groups

In chemistry, specific groups of atoms within molecules that are responsible for the characteristic chemical reactions of those molecules.

Homogenous Teams

Teams made up of individuals with similar qualifications, experiences, or demographics.

Collective Intelligence

The shared or group intelligence that emerges from the collaboration, collective efforts, and competition of many individuals and appears in consensus decision-making.