Which One of the Following Adjustments Will Increase Assets

question 39

Multiple Choice

Which one of the following adjustments will increase assets?

• A)Interest incurred on money borrowed during the period but not yet paid to the bank is accrued.
• B)Rent revenue is recorded for amounts owed by a tenant but not yet paid.
• C)The use of supplies is recorded.
• D)Depreciation for the period is recorded.

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Definitions:

Reflective Decision Making

A process involving thoughtful consideration of various options and consequences before making a decision.

High Quality

A characteristic of something that meets or exceeds established standards of excellence or merit.

Evolutionarily Advantageous

Traits or behaviors that increase an organism's chances of survival and reproduction in a particular environment.