Which of the Following Is Not an Example of an Adjusting

question 79

Multiple Choice

Which of the following is not an example of an adjusting entry?

• A)The entry to record unpaid expenses.
• B)The entry to record uncollected revenues.
• C)The entry to convert liabilities to revenue.
• D)The entry to pay outstanding bills.

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Definitions:

Fixed Cost

Costs that remain constant in total regardless of changes in the level of activity or volume of production.