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The Following Adjusting Journal Entry Found in the Journal Is

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The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry. The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry.   A)  Record payment of taxes. B)  Record taxes expense incurred and to be paid in next period. C)  Record taxes paid in advance. D)  Record tax bill received from government.

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Definitions:

MU/P

This term represents Marginal Utility per unit of Price, used in economics to calculate the additional satisfaction or utility gained from consuming one more unit of a good relative to its cost.

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Tablet computers designed and marketed by Apple Inc., known for their touch screen interface and wide range of applications for personal and professional use.

Enhanced Versatility

Improved ability of a product, service, or system to adapt to a wide range of functions or activities.

Law of Diminishing

Refers to the principle that as the quantity of a good or input increases, holding all else constant, the added benefit from an additional unit will eventually decline.

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