A Reversing Entry Is Acceptable for Which of the Following

question 131

Multiple Choice

A reversing entry is acceptable for which of the following?

• A)Depreciation of building
• B)Allocation of prepaid rent to the current period
• C)Correction of an error
• D)Accrual of interest expense

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Definitions:

Self-Regulation

An individual’s ability to prevent himself or herself from making a dominant, preferred or automatic response in order to perform a nondominant response, such as when a hungry person is served food at a restaurant but waits to eat until everyone at the table has been served.

Precursor

An element, condition, or event that precedes and indicates the approach of something.

Recognition Skills

are the abilities to identify and acknowledge information, objects, or situations based on previous experiences or knowledge.

Infants

Very young children or babies, typically those under one year of age, who are in the earliest stages of development.