The Interest Expense in the Worksheet's Unadjusted Trial Balance Column

question 15

Multiple Choice

The Interest Expense in the worksheet's unadjusted trial balance column is $3,000. Interest Expense in the income statement column is $7,000. Which of the following entries would have caused this difference?

• A)A $7,000 credit to Interest Expense in the worksheet's adjustments column
• B)A $7,000 credit to Interest Payable in the worksheet's adjustments column
• C)A $4,000 debit to Interest Expense in the worksheet's adjustments column
• D)A $4,000 credit to Interest Expense in the worksheet's adjustments column

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Definitions:

Decertification

The process by which a labor union is removed as the bargaining representative of a group of employees, typically through a vote among the employees.

Certifying

The process of formally validating the qualifications, capabilities, or quality of an individual or entity.

NLRA

Stands for the National Labor Relations Act, which is legislation enacted in 1935 in the United States to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices.

Recognition Strikes

Work stoppages by employees aimed at forcing an employer to recognize their union as the official bargaining agent for the workforce.