Which of the Following Accounts Would NOT Be Adjusted at the End

question 72

Multiple Choice

Which of the following accounts would NOT be adjusted at the end of an accounting period?

• A) Accounts receivable
• B) Unearned revenue
• C) Equipment
• D) Prepaid insurance

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Definitions:

Request to Negotiate

An invitation or proposal to start negotiation discussions about a specific issue, contract, or arrangement.

Unambiguous Binding Agreement

A contract or agreement that is clear and unequivocal in its terms and is legally enforceable upon the parties involved.

Certain Bargain

A firm agreement or deal between parties with defined and specific terms.

Expression of Opinion

A statement that conveys someone's personal thoughts, beliefs, or judgments rather than objective facts.