Which One of the Following Adjustments Will Increase Assets

question 39

Multiple Choice

Which one of the following adjustments will increase assets?

• A)Interest incurred on money borrowed during the period but not yet paid to the bank is accrued.
• B)Rent revenue is recorded for amounts owed by a tenant but not yet paid.
• C)The use of supplies is recorded.
• D)Depreciation for the period is recorded.

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Definitions:

Mitochondria

Organelles found in the cells of virtually all eukaryotic organisms, responsible for producing energy through cellular respiration.

Cell Nucleus

The central structure in a cell that houses the chromosomes and is the control center for the cell's activities.

Nuclear DNA

The DNA contained within the nucleus of a cell, encoding for the majority of the organism's genetic information.

Cell Nucleus

A membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material, organized as multiple long linear DNA molecules.