The Following Accounts Are Up-To-Date and Need No Adjustment at the End

question 38

Multiple Choice

The following accounts are up-to-date and need no adjustment at the end of the period:

• A) cash, common stock and prepaid rent.
• B) prepaid rent, supplies and unearned rent.
• C) cash, dividends and common stock.
• D) cash, dividends and unearned rent.

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Definitions:

No Government

A situation or theoretical scenario where there is an absence of government and its governing bodies in a society.

GDP per Capita

GDP per capita is a measure that divides a country's gross domestic product by its population, reflecting the average economic output per person.

Command Economy

An economic system where the government makes all decisions on the production and consumption of goods and services.

Command Economy

An economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services.