The Adjusting Entry to Record an Accrued Expense Is

question 142

Multiple Choice

The adjusting entry to record an accrued expense is:

• A) Decrease a liability; increase revenue.
• B) Increase an expense; increase a liability.
• C) Increase an expense; decrease a liability.
• D) Increase an asset; increase revenue.
• E) Increase an expense; decrease an asset.

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Definitions:

Jawless Fishes

A group of fish that lack a true jaw, represented by modern lampreys and hagfishes, belonging to the superclass Agnatha.

Myxini

A class of jawless marine animals known as hagfishes, characterized by their slimy skin and primitive features.

Petromyzontida

An order of jawless fish, also known as lampreys, characterized by their eel-like appearance and parasitic or non-parasitic lifestyle.

Oviparous

Bearing young in the egg stage of development; egg laying.