Which of the Following Accounts Will Have an Amount in the Adjustments

question 3

Multiple Choice

Which of the following accounts will have an amount in the Adjustments columns of the work sheet but probably not in the Trial Balance columns?

• A) Common Stock
• B) Utilities Expense
• C) Depreciation Expense-Machinery
• D) Revenue from Services

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Definitions:

Par Value

Par value is the nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate; it is a static value and not indicative of market value.

Treasury Bill

Short-term U.S. government debt obligations backed by the Treasury Department with a maturity of less than one year.

Par Value

The face value of a bond or the stock value stated in the corporate charter, often used in legal documents.

Effective Annual Yield

Effective annual yield is the return on an investment expressed as an annualized rate, accounting for compounding over a period, providing a more accurate measure of profitability.