Which of the Following Accounts Would Not Be Impacted by Adjusting

question 79

Multiple Choice

Which of the following accounts would not be impacted by adjusting journal entries?

• A)Accounts Receivable
• B)Consulting Fee Earned
• C)Unearned Consulting Fees
• D)Cash
• E)Wages Payable

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.

Revoked

To take back, withdraw, or annul an offer, right, or privilege.

Investment Grade

A rating that indicates a low to moderate risk of default for bonds and other securities, suggesting they are a secure investment.

Bond Ratings

Assessments assigned by rating agencies indicating the credit quality and risk level of bonds, with ratings ranging from high-grade (low risk) to high-yield (high risk).