What Balancing Entry Is Most Likely to Be Called for If

question 119

Multiple Choice

What balancing entry is most likely to be called for if previously excluded intangible assets were added to a firm's balance sheet?

• A) Increase accumulated depreciation
• B) Decrease long-term debt
• C) Increase shareholders' equity
• D)Decrease current assets

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Definitions:

Peripheral Nervous System

The portion of the nervous system that consists of nerves and ganglia outside of the brain and spinal cord.

Myelin

The fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed of electrical signal transmission.

Schwann Cell

A type of glial cell that wraps around the axons of peripheral neurons to form the myelin sheath, which helps in the rapid transmission of nerve impulses.

Oligodendrocyte

A type of glial cell in the central nervous system that produces the myelin sheath, essential for the insulation and efficient transmission of neural impulses.