Your Best Advisors, a Service Company, Uses Reversing Entries $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 900 & \\\hline \text { Accounts Payable } & & 900 \\\hline\end{array}$$

question 99

Multiple Choice

Your Best Advisors, a service company, uses reversing entries. On March 31, 2014, they prepared the following adjusting entry to accrue Utilities Expense: $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 900 & \\\hline \text { Accounts Payable } & & 900 \\\hline\end{array}$$ Which of the following entries is the correct reversing entry to be prepared on April 1, 2014?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 900 & \\
• \hline \text { Utilities Expense } & & 900 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Utilities Expense } & 900 & \\
• \hline \text { Income Summary } & & 900 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 900 & \\
• \hline \text { Utilities Expense } & & 900 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Utilities Expense } & 900 & \\
• \hline \text { Accounts Receivable } & & 900 \\
• \hline
• \end{array}\]

Apply game theory concepts to real-world situations and theoretical problems.

Understand the concept of Nash Equilibrium in game theory.

Identify best responses in simultaneous and sequential games.

Apply knowledge of strategic moves in conflict and cooperation situations.

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Definitions:

Typical Adolescent

Refers to the general characteristics or behaviors expected from an individual going through the teenage years, including biological, cognitive, and social changes.

Outward Sign

A visible, external indicator that may suggest something about a person's status, intentions, or condition.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction.

Adolescent Growth Spurt

The first outward sign of puberty, refers to a rapid gain in height and weight that generally begins in girls at about age 10 and in boys about age 12.