Which of the Following Transactions Results in a Decrease in Both

question 54

Multiple Choice

Which of the following transactions results in a decrease in both total assets and net income?

• A)The accrual of salaries expense at year-end.
• B)Collecting cash from an account receivable.
• C)Recognizing revenue which was previously recorded as unearned revenue.
• D)Adjustment of the prepaid rent account for rent which expired during the period.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Hunger

Hunger refers to the physical sensation or condition that arises from the need for food, driving individuals to seek and consume sustenance.

Positive Emotions

Feelings or emotions that inspire well-being, happiness, and satisfaction, contributing to positive mental health and overall life satisfaction.

Tolerate Pain

The ability to endure discomfort or suffering without allowing it to overtly affect one's performance or wellbeing.