What Is the Effect of the December 31 Adjusting Entry

question 105

Multiple Choice

What is the effect of the December 31 adjusting entry to record $400 of revenues earned but not yet collected?

• A) Cash should be decreased by $400 and Sales Revenue should be increased by $400.
• B) Unearned Revenue should be increased by $400 and Sales Revenue should be decreased by $400.
• C) Accounts Receivable should be increased by $400 and Sales Revenue should be increased by $400.
• D) Accounts Receivable should be increased by $400 and Unearned Revenue should be increased by $400.

Identify the functional differences and operational challenges specific to virtual teams.

Recognize the influence of technology on team collaboration, including the role of collaborative software and intranets in facilitating virtual team interactions.

Comprehend the complexities and strategies for managing global virtual teams, including cultural, time, and distance challenges.

Learn the importance of superordinate goals for team coordination and effectiveness.

---

Definitions:

Technical Skills

Refers to the specific knowledge and abilities required to perform specialized tasks.

Achievement-Oriented

A motivational attitude focusing on setting and accomplishing challenging goals.

Feminine Cultures

Societies or groups where qualities traditionally associated with women, like cooperation and caring, are highly valued.

Low Power Distance

A societal or organizational characteristic where individuals are considered relatively equal and hierarchy is downplayed, promoting open communication and collaboration.