Which One of the Accounts Below Would Likely Be Included

question 52

Multiple Choice

Which one of the accounts below would likely be included in an accrual adjusting entry?

• A) Insurance Expense
• B) Prepaid Rent
• C) Interest Expense
• D) Unearned Rent

---

Definitions:

Overall Impact

The total effect or significance of an event, decision, or action on a system, organization, or community.

Increase Competition

A situation where more competitors enter the market, intensifying the competitive environment.

E-commerce

The buying and selling of goods and services using the internet, and the transfer of money and data to execute these transactions.

Buying and Selling

The basic components of commerce involving the exchange of goods or services for money or other goods between parties.