Which of the Following Adjustments Increases Net Income for the Period

question 101

Multiple Choice

Which of the following adjustments increases net income for the period?

• A) recognition of the amount of supplies used
• B) recognition of revenue earned, but not recorded
• C) recognition of wages earned, but not paid to employees
• D) recognition of rent costs paid to the landlord in advance

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Definitions:

Tabula Rasa

A theory asserting that individuals are born without built-in mental content, and that all knowledge comes from experience or perception.

Blank Slate

The theory that individuals are born without built-in mental content and that all knowledge comes from experience or perception.

Human Knowledge

The accumulated factual information, understanding, and skills that humans acquire through experience, education, and learning.

Locke And Hobbes

John Locke and Thomas Hobbes were influential English philosophers; Locke is known for his theories on natural rights and government by consent, while Hobbes is famous for his social contract theory and views on the nature of human beings.