Which of the Following Transactions Is Most Likely Not to Result

question 143

Multiple Choice

Which of the following transactions is most likely not to result in an adjusting entry at the end of the period?

• A)Performance of a service for which payment was not received in advance.
• B)Purchase of inventory for sale in the subsequent period.
• C)Purchase of office equipment.
• D)Purchase of a two-year insurance policy.

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Definitions:

Marketing Mix

A framework used by marketers to analyze and implement the four critical aspects of marketing: product, price, place, and promotion.

Generates Revenue

The process of creating income for a business or organization through various activities such as selling goods, services, or other assets.

Target Return Pricing

A pricing strategy businesses use where prices are set based on a targeted return on investment.

Primary Objective

The main goal or purpose that an organization or individual aims to achieve.