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The Accountant of Zeus Legal Services Failed to Make an Adjusting

question 149

Multiple Choice

The accountant of Zeus Legal Services failed to make an adjusting entry for supplies that had been used for the year.Assume the supplies were initially recorded as an asset.Which of the following statements is true?


Definitions:

Multiculturalism

A social and political approach advocating for the respect, acknowledgement, and accommodation of cultural diversity within a society.

Gift

An item given voluntarily to someone without expectation of payment or anything in return as a token of affection or appreciation.

Bribe

An illegal practice involving the offering, giving, receiving, or soliciting of something of value as a way to influence the actions of an individual holding a public or legal duty.

Code of Ethics

A set of principles and rules used by an organization to guide the conduct of its members and decision making.

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