What Effect Will This Adjustment Have on the Accounting Records

question 64

Multiple Choice

What effect will this adjustment have on the accounting records?

• A) Increase net income
• B) Increase revenues reported for the period
• C) Decrease liabilities
• D) All of these are true.

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Definitions:

Apnea

Apnea is a temporary cessation of breathing, especially during sleep, which can be a sign of a sleep disorder such as sleep apnea.

Inspiratory Center

A region in the brainstem involved in the regulation of inspiration, or the intake of air into the lungs.

Chloride Shift

The movement of chloride ions into red blood cells as hydrogen ions move out to maintain electrochemical equilibrium, especially important in carbon dioxide transport in the blood.

Bicarbonate Ions

An alkaline ion that acts as a pH buffer in blood and other bodily fluids.