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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Performance

The degree to which an individual, group, or organization achieves its goals and objectives effectively and efficiently.

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The influence one possesses as a result of one's experience, special skill, or knowledge.

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