What Effect Will the Following Adjusting Journal Entry Have on the Accounting

question 138

Multiple Choice

What effect will the following adjusting journal entry have on the accounting records?

• A) Increase net income
• B) Increase revenues
• C) Decrease expenses
• D) Decrease net book value

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Definitions:

Sand-sized Grains

Particles of rock or mineral which fall within a specific size range, typically between 0.0625 and 2 millimeters, characteristic of sandstones.

Quartzite

A hard, non-foliated metamorphic rock which was originally pure quartz sandstone and transformed through heat and pressure.

Fractures

Breaks in rock or mineral formations where there has been no significant movement on either side.

Unmetamorphosed Sedimentary

Refers to sedimentary rocks that have not undergone metamorphism and retain their original sedimentary characteristics.