The Bookkeeper of Dew Drop Inn Forgets to Record the Adjusting

question 206

Multiple Choice

The bookkeeper of Dew Drop Inn forgets to record the adjusting entry for salaries earned but not yet paid.As a result of this mistake ________.

• A)total liabilities are too high
• B)net income is too high
• C)net income is too low
• D)shareholders' equity is too low

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Definitions:

Repertoire

A collection or set of skills, performances, works, or techniques available to a person or organization.

Alternative Behaviors

Behaviors that are developed or encouraged as replacements for less desirable or unacceptable actions in specific contexts.

Aggressive-Protective Subsystem

A concept in nursing and psychology referring to behaviors and mechanisms used by individuals to protect themselves from perceived threats or harm.

Achievement Goals

Objectives that individuals strive to attain to demonstrate competence or mastery in a particular area.