If an Adjusting Entry for Depreciation Is NOT Made at the End

question 205

Multiple Choice

If an adjusting entry for depreciation is NOT made at the end of the accounting period,what is the effect on net income?

• A)Net income will be too high.
• B)Net income will be too low.
• C)There will be no effect on net income.
• D)Net income will not be affected in the current period,but will be overstated in the next period.

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Definitions:

Agnosias

A class of neurological disorders marked by the inability to recognize objects, people, sounds, shapes, or smells while other sensory functions remain intact.

Aphasias

Language disorders caused by damage to the brain that affect speaking, understanding, reading, and writing.

Ablasions

Ablations are areas of biological tissue removal or destruction, often referred to in the context of scientific experiments or medical procedures affecting brain function.

Proximal Stimulus

The physical energy from a stimulus as it directly interacts with sensory receptors.