Which of the Following Correctly Describes the Following Journal Entry $\quad$

question 43

Multiple Choice

Which of the following correctly describes the following journal entry? Utilities expense
$\quad$$\quad$ Utilities payable

• A)Total assets decrease and net income decreases.
• B)Stockholders' equity decreases and liabilities increase.
• C)The transaction is an example of a deferral.
• D)Net income decreases and stockholders' equity doesn't change.

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Definitions:

Virtual Reality Exposure Therapy

A type of psychotherapy that uses virtual reality technology to expose patients to the situations or objects they fear, in a controlled and safe environment.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Cognitive-Behavioral

A therapeutic approach that combines cognitive and behavioral techniques to alter negative thoughts and behaviors.

Disorders

Abnormal physical or mental conditions that interfere with normal functioning and lead to distress or impairment.