Adjusting Entries That Are Made to Reflect Differences Between the Actual

question 17

Multiple Choice

Adjusting entries that are made to reflect differences between the actual and recorded value of an asset or a change in accounting principle are called

• A)reconciliations.
• B)revaluations.
• C)estimates.
• D)accruals.

Discuss the implications of online marketing fraud and the measures to protect consumer rights.

Recognize the ethical concerns associated with internet marketing practices such as the use of cookies and data collection.

Evaluate the effectiveness of different online marketing campaigns and strategies based on real-world examples.

Understand the motivations behind showrooming and webrooming.

---

Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term and long-term obligations, calculated as current assets divided by current liabilities.

Acid-test Ratio

A financial metric that assesses a company's ability to cover its short-term liabilities with its most liquid assets, excluding inventory.

Current Ratio

This ratio evaluates the ability of a business to cover its obligations due in the next year, by calculating the proportion of its current assets to its current liabilities.

Working Capital

An indicator of a company's short-term financial health, calculated as current assets minus current liabilities.