The Adjustment for an Accrued Expense

question 136

Multiple Choice

The adjustment for an accrued expense:

• A)increases expenses and decreases assets.
• B)increases expenses and increases liabilities.
• C)decreases expenses and increases liabilities.
• D)decreases expenses and increases assets.

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Definitions:

Contrary

Opposing or differing in nature, direction, or meaning; in logic, it refers to propositions that cannot both be true but can both be false.

Proposition

An articulation or statement that communicates a judgement or perspective.

Disproven

Shown to be false or incorrect through evidence or logical argument.

Contradictory

Relating to statements, ideas, or propositions that directly oppose each other in such a way that if one is true, the other must be false.