In Consolidation at December 31, 2020, What Adjustment Is Necessary

question 69

Multiple Choice

In consolidation at December 31, 2020, what adjustment is necessary for Hogan's Buildings account?

• A) $1,440 increase.
• B) $1,440 decrease.
• C) $1,600 increase.
• D) $1,600 decrease.
• E) No adjustment is necessary.

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Definitions:

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, encompassing both natural and human-made conditions.

Drug Tolerance

A physiological condition where increased doses of a drug are required to achieve effects originally produced by lower doses, due to the body's adaptation to the drug.

Unfamiliar Setting

An environment or situation that is not recognized or known by an individual, often causing discomfort or anxiety.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.