The Adjusting Entry Required When Amounts Previously Recorded as Unearned

question 50

Multiple Choice

The adjusting entry required when amounts previously recorded as unearned revenues are earned includes:

• A)A debit to a liability.
• B)A debit to an asset.
• C)A credit to a liability.
• D)A credit to an asset.

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Definitions:

Visual Stimuli

External cues captured by the eye and processed by the brain, influencing perception and behavior.

Delay of Gratification

The ability or decision to postpone immediate satisfaction in order to achieve a future benefit or reward.

Immediate Comforts

Immediate or short-term pleasures or alleviations of discomfort that may not necessarily contribute to long-term well-being.

Human Nature

The innate characteristics, behaviors, and qualities that define humans, including both biological and psychological aspects.