Which of the Following Events Would Not Require an End-Of-Year

question 132

Multiple Choice

Which of the following events would not require an end-of-year adjusting entry?

• A)Purchasing supplies for cash
• B)Paying for one year's rent on July 1
• C)Providing services on account
• D)Each of these answer choices would require an end-of-year adjustment

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Definitions:

Business-Extension Exception

A legal doctrine that allows an employer to be held liable for acts committed by employees while performing tasks related to their employment, even outside regular business locations.

Electronic Communications Privacy Act

A United States federal law enacted in 1986 to extend government restrictions on wire taps from telephone calls to include transmissions of electronic data by computer.

Stored Communications Act

A United States federal law that addresses voluntary and compelled disclosure of "stored wire and electronic communications and transactional records" by service providers.

Password-Protected

Describes a file, piece of information, or device that cannot be accessed without entering the correct password.