On October 1 of the Current Year,a Company Received $4,800

question 14

Multiple Choice

On October 1 of the current year,a company received $4,800 for services to be performed evenly over the next six months.If no adjusting entry was made on December 31 of the current year:

• A)net income would be understated by $4,800.
• B)net income would be understated by $2,400.
• C)net income would be overstated by $1,200.
• D)net income would be overstated by $2,400.

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Definitions:

Vessel Wall

The structural boundary of blood vessels consisting of layers including the endothelium, smooth muscle, and connective tissue.

Thrombus

A blood clot that forms on the inside of an injured blood vessel wall.

Bacteria

Microscopic, single-celled organisms that exist in vast numbers in every environment on Earth, both harmful and beneficial.

Viruses

Infectious agents that replicate only inside the living cells of other organisms, causing various diseases.