If the Accountant Failed to Make an Adjusting Entry at the End

question 139

Multiple Choice

If the accountant failed to make an adjusting entry at the end of the period to record depreciation for the period,the omission will cause:

• A) An overstatement of expenses.
• B) An overstatement of revenues.
• C) An understatement of assets.
• D) An overstatement of liabilities.
• E) An overstatement of assets.

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Definitions:

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The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical and mental impairments in people.

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The dimension or measurement of the foot, typically considered for shoe sizing.

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Evaluations used to assess an individual's ability to accurately spell words from the language being tested.