How Will the Following Adjusting Journal Entry Affect the Accounting

question 67

Multiple Choice

How will the following adjusting journal entry affect the accounting equation?

• A)increase assets,increase revenues
• B)increase liabilities,increase revenues
• C)decrease liabilities,increase revenues
• D)decrease liabilities,decrease revenues

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Definitions:

Wernicke's Area

A region of the brain involved in understanding spoken language, located in the temporal lobe.

Aphasia

A disorder resulting from damage to parts of the brain that are responsible for language, leading to difficulties in speaking, reading, writing, or understanding language.

Cognitive Development

The process of growth and change in intellectual capabilities, including thinking, reasoning, problem-solving, and understanding complex concepts.

Piaget

Refers to Jean Piaget, a Swiss developmental psychologist best known for his theory of cognitive development in children.