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.

---

Definitions:

Programming Languages

Formal languages comprising instructions that are used to produce various kinds of output by computers.

Routine

A series of instructions that perform a specific function or task.

Downloaded

The process of receiving data over a network from another source, typically to a computer or mobile device.