Which of the Following Is Not an Example of an Adjusting

question 116

Multiple Choice

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

• A)recognition of depreciation on equipment purchased during the year
• B)recording the expiration of a portion of the cost of prepaid insurance that was purchased during the previous year
• C)recognition of income tax expense on the net income earned during the period
• D)recording of collections received from customers during the period
• E)recognition of warranty expense on cars sold during the period

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Definitions:

Employment Act

Legislation aimed at regulating the relationship between employers and employees, including conditions of employment and workers' rights.

Protected Class

Groups of people legally protected from discrimination under various federal and state laws.

Sexual Orientation

An inherent or immutable enduring emotional, romantic, or sexual attraction to other people, which can vary and is not limited to heterosexual, homosexual, or bisexual orientations.

Discrimination

Unfair or prejudiced treatment of individuals based on their race, age, sex, nationality, or other protected characteristics.