An Adjusting Entry That Increases an Asset and Increases a Revenue

question 109

Multiple Choice

An adjusting entry that increases an asset and increases a revenue is known as a(n) :

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

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Definitions:

Piaget's Stages

A theory outlining four stages of cognitive development in children, describing how their thinking evolves from simple to complex.

Sensorimotor

A developmental stage in infants where learning occurs through sensory experiences and manipulating objects, crucial for cognitive development.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals learn to think abstractly, reason logically, and plan systematically.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or touched, a concept developed in infancy.