An Adjusting Journal Entry Contains a Debit to an Expense

question 55

Multiple Choice

An adjusting journal entry contains a debit to an expense account and a credit to a contra account.This is an example of what type of adjusting entry?

• A)Accrued revenue
• B)Deferred revenue
• C)Depreciation expense
• D)Accrued expense

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Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean.

Gym Visits

A count of the number of times an individual attends a gym or fitness center within a specified period.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.

Poisson Random Variable

Represents the number of events occurring within a fixed interval of time or space, assuming these events happen at a constant rate and independently of the time since the last event.