Adjusting Entries That Are Made to Recognize Revenue That Has

question 75

Multiple Choice

Adjusting entries that are made to recognize revenue that has been received but not yet earned are called

• A)corrections.
• B)estimates.
• C)deferrals.
• D)accruals.
• E)revaluations.

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Definitions:

Accomplishment

Something that has been achieved successfully.

Self-Interest

Acting in a way that is beneficial to oneself, often without regard for others.

Motivation

Concept with two widely used meanings: (1) an internal state that leads to effort expended toward objectives and (2) an activity performed by one person to get another to accomplish work.

Need Theory

A psychological theory postulating that human motivation is influenced by a set of innate needs.