Adjusting Entries Affect Balance Sheet Accounts to the Exclusion of Income

question 51

True/False

Adjusting entries affect balance sheet accounts to the exclusion of income statement accounts.

Recognize the relationship between social publishing and traditional media.

Describe the impact and role of platforms and modes in gaming and digital environments.

Explain the principles of game branding and advertising within digital games.

Understand the concept of social games and their features.

---

Definitions:

Compound Interest

This form of interest computation involves calculating interest on both the initial principal amount and any interest that has accrued in the past periods on a loan or deposit.

Percent Equivalent

The numeric representation of a ratio or fraction as a part of 100.

Fraction

A numerical quantity that is not a whole number, represented by two numbers divided by a line, indicating part of a whole.

Decimal Equivalent

The number obtained by dividing the numerator by the denominator in a fraction, expressed in decimal form.