Recording an Adjusting Journal Entry to Recognize Amortization Would Cause

question 89

Multiple Choice

Recording an adjusting journal entry to recognize amortization would cause which of the following?

• A)An increase in liabilities and expenses,and a decrease in shareholders' equity.
• B)A decrease in assets,and an increase in expenses.
• C)A decrease in assets,an increase in liabilities,and an increase in expenses.
• D)None of the above.

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Definitions:

Null Hypothesis

In statistical testing, it's the presumption that there is no effect or difference among groups or variables being studied.

Probability

A numerical value ranging from 0 to 1, representing the chance of an event's occurrence.

Statistic

A quantity calculated from a set of data, used to summarize or describe characteristics of the data.

High Probability

A term indicating that an event is very likely to occur, often used in statistical analysis to describe outcomes with a large likelihood based on a probability measure.