Which Account Would Normally Not Require an Adjusting Entry

question 133

Multiple Choice

Which account would normally not require an adjusting entry?

• A) Wages Expense
• B) Accounts Receivable
• C) Accumulated Depreciation
• D) Retained Earnings

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Definitions:

Current Yield

A bond’s annual interest payment divided by its market price.

Yield to Maturity

The total return anticipated on a bond if it is held until the end of its lifetime.

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and lenders can offer funds in the financial market.

Market Interest Rates

The rates of interest charged by lenders on loans or paid on deposits, which fluctuate based on demand, supply, and the overall economic conditions.