The Entry to Close the Fees Earned Account Would Cause

question 94

Multiple Choice

The entry to close the Fees Earned account would cause

• A) the Capital account balance to increase.
• B) the Capital account balance to decrease.
• C) the Fees Earned account to decrease.
• D) None of these are correct.

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Definitions:

Spring Brake Assembly

A combination of brake parts including a spring mechanism in heavy-duty vehicles for parking or emergency braking.

Hold-Off Diaphragm

The parking brake pancake in an air brake spring brake chamber; must be actuated to release the parking brakes.

Slack Adjuster

A device in air brake systems that adjusts the brakes as they wear to maintain proper brake performance.

Slack Adjuster

A component in air brake systems for vehicles, primarily trucks and buses, that automatically adjusts the brakes as they wear to maintain proper brake performance.