Which of the Following Accounts Could Decrease as a Result

question 1

Multiple Choice

Which of the following accounts could decrease as a result of adjusting entries?

• A)Prepaid Insurance.
• B)Accumulated Depreciation-Buildings.
• C)Rent Expense.
• D)Service Revenue.

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Definitions:

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often requiring planning for multiple outcomes.

Extinction

the process through which a conditioned response is diminished or eliminated, often due to the conditioned stimulus being presented without the unconditioned stimulus.

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response.

Unconditioned Response

An automatic reaction to a stimulus that occurs naturally, without prior learning or conditioning.