A Journal Entry Recording an Accrual

question 23

Multiple Choice

A journal entry recording an accrual:

• A) results in a better matching of revenues and expenses.
• B) will involve a debit or credit to cash.
• C) will affect balance sheet accounts only.
• D)will most likely include a debit to a liability account.

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Definitions:

Generalist Species

Species that have a broad range of tolerance and can thrive in a wide variety of environmental conditions and can utilize a variety of resources.

Keystone Species

A species that has a disproportionately large effect on its natural environment relative to its abundance, often influencing the structure and biodiversity of the ecosystem.

Range of Tolerance

is the breadth of environmental conditions (temperature, humidity, light, etc.) within which a particular species can survive and reproduce.

Niche

In ecology, a role or position that an organism or species has in its environment, including how it obtains its food, how it interacts with other organisms, and its contribution to the ecosystem.