Which of the Following Cases Would Not Require an Adjusting

question 23

Multiple Choice

Which of the following cases would not require an adjusting entry?

• A)a client has paid for services in advance
• B)paid for three months rent in advance
• C)capital stock has been issued for cash but not yet paid for
• D)interest on a note receivable will not be received until the note is paid off next year

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Definitions:

Marginal Revenue

The supplementary income earned by selling an additional unit of a good or service.

Negative

Referring to a less than zero value, indicating a deficit, loss, or detrimental condition in various contexts such as economic indicators or mathematical values.

Infrequently Used Bridge

An infrequently used bridge is a bridge structure that sees low usage or traffic, often due to its location or the availability of alternative routes.

Willingness to Pay

The maximum amount an individual is prepared to spend on a good or service, indicating the value they place on it.