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

question 64

Multiple Choice

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

• A) $2,000 increase.
• B) $2,000 decrease.
• C) $1,800 increase.
• D) $1,800 decrease.
• E) No adjustment is necessary.

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Definitions:

Support Personnel

Employees who provide clerical, secretarial, or other support to the legal, paralegal, and administrative staff of a law firm.

Secretaries

Individuals who perform administrative duties, such as typing, filing, and scheduling appointments.

File Clerks

Employees responsible for the maintenance, filing, and management of physical or digital records and documents in an organized manner.

Employment Manual

A handbook provided by employers to employees, outlining job duties, workplace policies, and employee rights.